Adding Contingency to a workplan?

[Richard.Natividad]

Question:

This is a question that I wonder you've come across?

I have some workplans that have Contingency included in their plans.
I have created a custom report that displays EACs and ETCs by month.
However, if a workplan has a contingency task that runs for the length
of the plan it shows up and skews the ETCs. This is visible when I
drag down the Resource column it shows the ETCs for the Contingency
tasks.

Basically is there some way we can put in contingency into the plan
without it skewing the total ETC for the report?

Regards,

Richard

 

[Rod Gill]

Contingency should be "Use it or lose it", so if half the project is
complete and you haven't used any contingency, your contingency task should
be reduced in size (time or $ or both). A more accurate way is to tie your
contingency to your Risks. Each Risk has % and impact in work and/or $.

Given your resource burn rate total hours of work can be calculated as a
duration. As each Risk moves past its due date, the contingency (% * impact)
for that risk is removed from the contingency buffer. If a Risk happens,
then the contingency is also used up (increase % complete).

Either method should fix your problem.

--

Rod Gill
Project MVP

NEW!! Project VBA Book, for details visit: http://www.projectvbabook.com