Discussion
Match the allowance with what it covers.
1. Escalation 2. Contingency 3. Re-estimating
P. Uncertainty within the defined scope Q. Price movement over the spending period R. A change in the project's scope
Answer: C
Correct answer: 1-Q, 2-P, 3-R
Three allowances for three different uncertainties. Escalation covers price movement between the estimate and the spending. Contingency covers what is not yet known within the scope as defined. And a change to the scope itself is not an allowance at all - it requires the estimate to be redone, which is why contingency should never be treated as a fund for scope growth.
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