Make Your Case for a Contingency Fund

Susan Hall

In a post on innovation, IT Business Edge's Ann All advocates the project portfolio management approach of Colin Ashurt, senior teaching fellow at Durham Business School.


Ashurt, in a column on, says every IT project should fit into one of four categories:

  • Strategic applications, which are key to sustaining future business strategy.
  • Key operational apps, which are necessary for current success.
  • Support apps, which are valuable yet not critical to success.
  • High potential, which may be important in attaining future success.


Yet, according to Murphy's law, projects can and will go awry, which reinforces the need for good governance.


If after careful review, however, your project needs a cash infusion, check out the document supplied to the Knowledge Network by Info-TechResearch Group entitled, "A Solid Case for Contingency Funds." This research note explains how to request such a fund and how to manage it so that time, money and effort will not be wasted as you deal with unforeseen circumstances and unexpected costs.


There's a wealth of resources on project management in the Knowledge Network. Check out these samples:

Project Management Fundamentals
Master Project Management Checklist Template

Project Management Guidebook

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