Lecture 3 mitigation strategies

Question 1

Contingency reserves

Answer 1

.Extra budget for unforeseen
elements. Reduce it as project proceeds

Question 2

Task Contingency

Answer 2

Extra budget for unforeseen tasks

Question 3

Managerial contingency

Answer 3

Extra budget for safety at the project level

Question 4

Mentoring

Answer 4

Project managers and team members

Question 5

Cross training

Answer 5

Project Managers and team members to avoid missing diu to absence

Question 6

Mitigation Strategies

Answer 6

Constituency reserves
Task contingency
Managerial contingency
insurance
Mentoring
Cross training