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Contingency Costs

What are contingency costs? How can you incorporate them into your project planning? Should you, as the project manager, try to control and calculate every contingency cost you can think of?

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Contingency costs are dictated unforeseen circumstances. You can try to anticipate and plan for them, but it is very ...

Solution Summary

This excerpt explains what contingency costs are, their importance, and how you can incorporate them into project planning.