Achieving Multiple Project Objectives through Contingency Management

  title={Achieving Multiple Project Objectives through Contingency Management},
  author={David N. Ford},
Project managers use budgets to satisfy multiple objectives such as cost control, short durations, and high quality. Contingency funds are included in project budgets to manage risk and achieve project goals. Understanding how managers use budget contingencies requires a dynamic information processing model of how managers bridge the gap between high project complexity and limited managerial capacity. The results of collecting contingency management practices of real estate development project… CONTINUE READING
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