Maintaining a Contingency Assignment for a Cost Estimate

A contingency assignment profile is a group of common risk factors that can be associated with an estimate to allow for items, conditions, or events that will likely result in additional costs. You can associate a contingency profile with a cost estimate during any phase of the estimation life cycle. Any subsequent changes made to the cost estimate contingency do not affect the original contingency assignment profile.

The Cost Estimate Contingency Assignment Summary contains all of the information recorded for a cost estimate contingency. To access the summary from the Cost Estimate Summary, click the Contingency Assignment quick link, locate the cost estimate contingency you want to view, and then select Open from the Actions menu on the contingency row.

The Cost Estimate Contingency Assignment Summary opens on the General tab. You can view or change values in these fields:

Click in a field and add, change, or delete information as needed. When you are finished, click the Save button. The system displays a message to confirm that your changes were saved in the database.

To recommend the cost estimate contingency assignment profile to be available to other users as a reference profile, select Recommend as Reference from the Actions menu on the component header. This action is available only if the cost estimate contingency assignment profile does not already have a recommendation waiting to be approved, rejected, or deleted (see Reviewing Reference Recommendations).

To remove the recommended profile from consideration as a reference profile, select Cancel Recommendation from the Actions menu on the component header. This action is available only if the cost estimate contingency assignment profile has a recommendation that has not been approved, rejected, or deleted (see Reviewing Reference Recommendations).

To create a new contingency assignment profile that is not based on a reference profile and associate it with the cost estimate, select Add New from the Actions menu on the component header. The system takes you to the Add Cost Estimate Contingency Assignment component. See Creating a Contingency Assignment for a Cost Estimate.

To maintain additional information for the cost estimate contingency, click the following tabs:

Phase Ranges	Click this tab to view and maintain phase ranges for the cost estimate contingency (see Maintaining Phase Ranges for a Cost Estimate Contingency).
Rick Factor	Click this tab to view and maintain risk factors for the cost estimate contingency (see Maintaining Risk Factors for a Cost Estimate Contingency).
Items	Click this tab to view or maintain items for the cost estimate contingency (see Maintaining Items for a Cost Estimate Contingency).