How to manage project tolerances (with PRINCE2® 7 guide)
Rebel’s Guide to PM
SEPTEMBER 24, 2023
The project tolerance definition I use in my book, Project Manager , is this: Tolerances are how much you can flex within your project without having to go back for approval. For example, let’s say the financial value of all the project risks should not exceed 5% of the project budget. The answer is that you don’t.
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