Contingency Reserve
Submitted by saurabhs on Sun, 11/11/2012 - 08:07
Forums:
For an Project one of the Identified Risk has only 20% chance of happening. If it occurs , it will cost company an additional 50000 USD. What is the contingncy amount needed for this risk event?
Should we keep 50000 USD as contingency reserve or 20% of the risk cost i.e 10000 USD. Please support with Reply.
