FROM THE DESK OF: Dick Troell, P.E. CONTINGENCY – What is it? (Part 1) Of all the terms applicable to projects, one is maligned, cursed, misunderstood, misapplied, misused, and otherwise ill-treated far more than any other. That term is Contingency. If ten project professionals were asked to give their definition of contingency, most certainly there…

From the Desk of: Dick Troell, P.E. Sophisticated owner organizations have a well-documented and comprehensive Front End Loading work process.  This process includes Stage Gate Reviews, through which any capital investment opportunity must pass.  The Stage Gate definition most often includes a listing of the documentation required to obtain the funding and approval to move…