Expectations - 3
- Contingency allowances will be consumed on a justifiable and consistent basis across all activities
- And will not be used for Scope Changes
- Exceptional risk events will be reviewed with the Project Sponsor for consideration
- I.e. those which were remote or reasonably not contemplated
- Price Escalation, due to the inflation of monetary value, will be covered by a separate allowance
- Based on economic forecast projections
- For projects lasting longer than one year