Contingency plans are not executed until after a risk, Ask an Expert

Management Studies

Contingency plans are not executed until after a risk occurs and often involve cleanup, rework, added resources, waste, and damage. Is an investment made in prevention less expensive than executing a contingency strategy?

Will incorporating prevention and risk management into a project plan lessen the chances of management or the project sponsor arbitrarily slashing the project’s budget?

What other advantages can you see in having a more holistic project plan?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92249053

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