... expectations for the specific project? Some project managers face the problem of how to convince management that contingency is required at all In an organization that is mature in Project Management, ... 58.8% 1.2% 39 .2% 0.8% 100% x x x x Outcome Value $60,000 $90,000 $125,000 -$25,000 $155,000 $25,000 Expected Monetary Value $ 3, 600 $ 3, 600 $ 7,200 $ 73, 500 -$ 30 0 $ 60,760 $ 200 $ 134 ,160 Once ... the project budget, for contingency This is a step in the right direction It at least recognizes the need for contingency However, some projects are very risky, which some are not So these projects...