From the course: Project Management Foundations: Small Projects
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Add contingency time to the schedule
From the course: Project Management Foundations: Small Projects
Add contingency time to the schedule
- [Narrator] Your project schedule is usually based on the time estimates you deem most likely to occur. But you know projects usually don't go completely according to plan. So it's a good idea to add a bit of buffer to your schedule. Just like you'd leave your house early if you have to drive to a doctor's appointment during rush hour, if you're smart, you asked people for more than one estimate for their tasks. The most likely time, the time it would take if things go wrong and the time it would take if everything goes perfectly. You know you don't want to use the optimistic estimates because the risk of delivering late is huge. However, the pessimistic estimates make the schedule so long that the customer would be scared of doing the project at all. The good news is that those three estimates come in handy for figuring out how much of a buffer to add to your project. Let's use the office project to see how this works. Say that your most likely schedule has a duration of eight…
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