Course/Weekly Objectives:
2.Define project risk and contingency reserves
3.Differentiate between schedule and cost estimation to project risk
4.Evaluate how risk management affects project outcomes
5.Determine how cost estimates impacts project risks

Purpose: To understand how contingency reserves can impact the risk evaluation and cost estimation.

Assignment Description: If you were the project manager it is critical to understand how contingency reserves impact all areas of cost estimation and ultimately the project. Consider that the company has had some difficulty setting up a method for cost estimations so this is a critical area for understanding how stakeholders will continue to support the organization. Select a company that would benefit from valuing cost estimations and contingency reserves. Prepare explaining the development of a method for cost estimation that will include contingency reserves. Be sure to include 4 outside references in APA format.