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What is a project schedule contingency?

I am confused to what a schedule contingency is when planning for the project. Is it just a fancy term that means padding the project schedule? Or is it something else? Is there a "scientific" way to handle contingency scheduling?
asked 5 years ago by anonymous

2 Answers

Schedule contingency can be done in 2 ways:

- Explicitly adding slack to the project schedule
- Reducing the resource utilization: For example, instead of allocating a resource for a 100% of his time, then allocate him for 70 or 80% of his time

I usually use the two above methods simultaneously.

There is no scientific way to handle schedule contingency.
answered 5 years ago by MaplePM (46,940 points)
Yes, its really just a fancy term for adding some extra time to the schedule to handle risk. I generally think of contingencies for cost, however and not time.  The reason is that estimates are just that -- inexact guesses of time -- and there is often enough slack in the project already to help manage the scheduling risks (at least for small to medium projects with lower risks).  I would suppose for a high risk project or one that requires great precision in execution, that a schedule contingency might be appropriate.
answered 5 years ago by sdcapmp (45,840 points)

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