Contingency coverage ratio

R295

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In 35 minutes you will calculate it from the contingency remaining and the exposure of open risks. You will also count only open risks and only the money still available. And you will check the largest single risk against the contingency left.

SKU: PL-MCB-PRJ-32
Category:

Description

Who it’s for: Anyone carrying risk on a project who needs to know whether the contingency will hold.

What happens in it: a short film shows a contingency half spent, the risks still waiting, and the ratio that shows the gap. In Your call you make the decisions in a real case: refurbishing the main kitchen at Lindenwood General Hospital, a R4,000,000 job that started with a R300,000 contingency. R180,000 has been spent on three risks that occurred and are now closed. Four risks are still open: corroded extraction ducting (50% chance, R180,000 impact), a phasing failure that stops meal service (20%, R200,000), late delivery of imported combi ovens (15%, R100,000) and grease trap replacement (25%, R60,000). The hospital’s finance committee asks whether the project is still protected. Then, in the boardroom, you make the case to Augustina, the project manager, in three questions.

How it works: five scenes in about 35 minutes: the data film, the lesson, Your call, practice with fresh numbers that mark themselves, and the boardroom. Finish all five for your certificate. It is course 2 of 5 in the Risk and issues season of the Project Management series.

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