Contingency
Estimates should include 15% to 25% mandatory contingency for known unknowns. Timelines without contingency assume ideal conditions, which is usually false. Known unknowns and system constraints should be represented explicitly in estimate…
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Estimates should include 15% to 25% mandatory contingency for known unknowns. Timelines without contingency assume ideal conditions, which is usually false. Known unknowns and system constraints should be represented explicitly in estimates. Calling contingency a generic buffer makes it easier for product managers to cut it. Cutting contingency can create larger operational failures than the short-term time saved.