Discuss where does the budget come from


Problem

Your team has just bagged a housing development project. The executive management is very pleased as this is a very prestigious project. However, you are a little worried considering the complex nature of the project. You decide to try and identify the possible risks. You get all relevant stakeholders together and conduct mammoth discussions. Together you have come up with a number of risks. However, based on your experience - you still feel that not all the risks have been identified. You decide to set aside some budget for the risks that you have not identified but are sure you will encounter. Discuss where does this budget come from?

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Project Management: Discuss where does the budget come from
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