week 1

Prepare a paper with a minimum of 4 pages (not including APA references) explaining the development of a method for cost estimation that will include contingency reserves. Be sure to include 2 outside references in APA format.

Determine how to evaluate a company’s contingency reserves.

Recommend strategies on how companies need to apply risk techniques in order to have contingency reserves.

Objectives

Define project risk and contingency reserves
Differentiate between schedule and cost estimation to project risk
Evaluate how risk management affects project outcomes
Determine how cost estimates impacts project risks

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