Planning for Unknowns
•Evaluate your project management options in terms of schedule, performance, and cost for the following scenario. Support your evaluation.
An office building construction project is 80% complete in the southern Virginia area, when a major hurricane strikes, and stops progress on the worksite for 10 days while damage is assessed and repairs are completed. The project has a fixed budget and a completion date that cannot be moved any further to the right.
•From Part 1 of the ‘Planning for Unknowns” discussion, analyze how your strategy would be different if you had a contingency reserve budget, but still could not change the project completion date. Support your analysis.