Constrained optimization methods See mathematical models

constraint This is anything that either restricts the actions of the project team or dictates the actions of the project team.

contested changes These are contract changes that cannot be agreed upon. They usually involve a disagreement about the compensation to the vendor for implementing the change.

contingency planning This is a risk response strategy that involves planning alternatives to deal with the risks should they occur. The contingent response strategy, which uses contingency planning, is a tool and technique of the Plan Risk Responses process.

contingency reserves Contingency reserves hold project funds, time, or resources in reserve to offset any unavoidable threats that might occur to project scope, schedule, cost overruns, or quality. This is a tool and technique of the Plan Risk Responses process. Contingency reserves are also taken into consideration in the Determine Budget process.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook


Post a comment