contingency in ms project

[gueb]

Hi!

How to you specify your contingency in your project?

Milestone at the end with lag?
Task at the end?
Task at the beginning?
No contingency specified, manually calculate it?

Thanks!

 

[gueb]

By contingency I mean:

For a project of 1000 hours, we calculate 5% of contingency, so 50 hours of
buffer in case of trouble.

 

[Dave]

By contingency I mean:

For a project of 1000 hours, we calculate 5% of contingency, so 50 hours of
buffer in case of trouble.

Depends on my client, but usually I put in a task called "Buffer" at the
end, before the Finish Milestone. If there are other buffers elsewhere in
the schedule, I number it "Buffer x" or even more usefully, "Product Plan
Release Buffer".
Hope this helps in your world.

 

[Jim Aksel]

We do not put buffer into schedules. We plan for a target date that may be
several days (or weeks) ahead of the contractual delivery milestones. In
effect we have our work schedule and our contracted schedule. The latter
contains only several milestones. As such, buffer is a manual thing between
the two schedules. Erroding of this margin requires approval, etc. and is
always reported to all stakeholders.

We do, however, maintain tasks of "Undisrtributed budget" for certain tasks.
This allows us to retain baseline cost values where we need them.

So I guess we all do it differently
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Jim

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