A contingency plan is a valuable part of your risk management. Whilst it won’t stop risks happening, nor even make them less likely, it will give you a clear set of steps to follow if one should manifest.
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Here are 10 tactics you can put into a contingency plan?
- Create a schedule contingency, or ‘float’.
- Look for non-dependent later activities that could be re-scheduled.
- Identify non-critical activities that could be dropped.
- Research off-the-shelf solutions that could be bought in.
- Create budget contingency.
- Identify non-critical deliverables that you could de-scope; reducing functionality or quality criteria.
- Build test and remediation time into your plans.
- Secure expert evaluators.
- Put in place effective change control procedures.
- Identify options for extended working hours.
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And some Risk Management articles…
- Ultimate Guide to Project Risk Management
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- Indispensable Guide to the Sources of Project Risk
- The Project Manager’s Guide to Simple Risk Analysis
- Risk Response Strategies: Full & Revised Roundup
What Kit does a Project Manager Need?
I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list. I added my own.
Check out the Kit a Project Manager needs
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What if? 10 Things to Build into Your Project Contingency Plan Share on X