A provision held by the project sponsor for possible changes in project scope or quality. Scope and quality change s constitute changes in the project manager ‘s mandate and will affect the project ‘s cost and schedule .Note the distinction from Contingency Allowance

(Wideman Comparative Glossary of Common Project Management Terms v2.1 )

J. Jerrald Hayes
I am ex-architectural woodworker and general contractor turned IT, Business and Project Management consultant, software developer wannabe senior division triathlete and ski racer, Yankee fan and founder of Paradigm-360.com, 360 Difference Mac4Construction.com,iOS4Construction.com and now TheBuildingAndRemodelingWiki.com too.
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