
003-The First 5 questions to ask whenever you start a new project (part 3 of 5)
Project Management Happy Hour
00:00
The Role of Contingencies in Project Management
This chapter discusses the significance of incorporating contingency reserves in project budgets to manage risks effectively. The speakers share insights on ethical considerations, communication strategies with sponsors, and the holistic understanding of a project’s budget beyond just finances. By emphasizing the value and return on investment of projects, they advocate for a conservative budgeting approach that includes safeguards against unforeseen challenges.
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.