Planning for Unknowns Essay Example | Topics and Well Written Essays - 250 words

Planning for Unknowns - Essay ExampleIn this case where a major hurricane hit the turn tail site, then it is a good case of unknown unknowns which nobody may have foreseen (or complete uncertainty) and the vanquish way to be able to deal with this type of risk is setting up a incident budget (Futrell, Shafer, & Shafer, 2002, p. 591). So if this contingency fund is available, then the strategy would be different.A contingency relief budget impart allow for greater flexibility. The plan will be to hire additional workers to skreak up the manpower and allow continuously working(a) even at nights so as to settle up for the lost time of ten days. This allows for project completion on the original due get a line but there will be cost overruns because of added manpower but the target date will be met. The reserve budget can pay for the additional workers to accomplish more work takings and also pay for extended working time by effectively doubling it by working even at night