Contingency & Escalation
Contingency and escalation quantifies uncertainty by applying risk-based contingency and price escalation based on schedule, procurement lead times, market volatility, and known project risks. This use case links contingency and escalation to specific risks and evidence, runs scenario narratives to understand what drives cost ranges, and maintains traceable justifications for governance and audit through EKG relationships.
Quantify uncertainty: apply risk-based contingency and price escalation based on schedule, procurement lead times, market volatility, and known project risks.
- Typical inputs: risk register, schedule assumptions, commodity and labor indices, procurement strategy, contract terms
- Typical outputs: contingency model and rationale, escalation assumptions, scenario impacts, sensitivity summaries
- EKG + GenAI: link contingency and escalation to specific risks and evidence, run scenario narratives (“what drives the range”), and keep traceable justifications for governance and audit.