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contingencies
- contingencies
- contingencies
Specific provision for unforeseeable elements of cost within the defined project
scope; particularly important where previous experience relating estimates and
actual costs has shown that unforeseeable events which will increase costs are
likely to occur. If an allowance for escalation is included in the contingency
it should be a separate item, determined to fit expected escalation conditions
for the project.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
- Zorgsystemen (care systems) >> Risico (risk) >> Risico, Algemeen (risk, general)
- Management (management) >> * - management >> Projectmanagement (project management) >> Risico (risk)
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