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PMI Scheduling Professional · PMI
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- A risk-adjusted schedule incorporates the results of quantitative schedule risk analysis (typically Monte Carlo simulation) by adding contingency time or buffers to the deterministic schedule. This produces a more realistic schedule that accounts for uncertainty and risk. The amount of contingency is typically set at a specified confidence level (e.g., P80 — 80% probability of achievement). Risk-adjusted schedules provide stakeholders with more honest expectations.