What Are Contingency Factors? A general contingency factor is a provision that the cost estimator makes to cover unforeseeable expenses the project may incur. … The amount allotted for each contingency factor typically depends on the amount of detail in the project’s design, as well as its level of uncertainty. What are contingency factors that
What Are The Principles Of Contingency Theory? A contingency theory is an organizational theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions. Instead, the optimal course of action is contingent (dependent) upon the internal and external situation. What are the elements of contingency
What Is An Example Of Contingency Theory? An example of the contingency viewpoint in action is a manager facing a situation with an employee who regularly shows up late to work. A manager could have a written protocol for this situation in which there is only one option: give the employee notice. How is contingency