Uncertainty 1

Uncertainty and risk
Projects are also concerned with managing change and are thus impacted by chance i.e. uncertainty.

As a project manager, you will spend a great deal of time reacting to unpredicted change and attempting to trade off one project goal against another.

All too often the consequences of a change are out of all proportion to the change itself.

Project Problems
A change in the weather may delay an activity by two weeks but that delay can have a domino effect on all activities and threaten to delay the project duration by many more weeks.

It may be possible to get it back on schedule by adding resources at a cost. If the budget for added resources of labour and equipment cannot be raised, the project manager may have to negotiate with the client for a later delivery date.

If the budget, timescale and specification are rigidly controlled the project is probably doomed to failure unless enough contingency has been built in.

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