6 min read
How much contingency should a project carry?
Most teams answer with a percentage. A percentile is a better answer, but only if you are honest about what it does not cover.
Notes on risk
Writing on risk analysis and quantification — bow ties, Monte Carlo cost risk, contingency, and country risk. Written for practitioners.
Most teams answer with a percentage. A percentile is a better answer, but only if you are honest about what it does not cover.