Abstract
In this chapter we discuss methods for updating and managing project contingency as the outcomes work packages become known. More specifically we provide bivariate and multivariate formulation with a number of examples to illustrate different situations in which the presented methods can be implemented.
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Damnjanovic, I., Reinschmidt, K. (2020). Managing Contingency and Budget to Complete. In: Data Analytics for Engineering and Construction Project Risk Management. Risk, Systems and Decisions. Springer, Cham. https://doi.org/10.1007/978-3-030-14251-3_11
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DOI: https://doi.org/10.1007/978-3-030-14251-3_11
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Publisher Name: Springer, Cham
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Online ISBN: 978-3-030-14251-3
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