scope:

This standard is part of the project, programme and portfolio management (P3M) framework and relates to NR/L2/INI/P3M/101 and NR/L2/INI/P3M/102. It applies to all projects, programmes and portfolios that require Investment Authority as defined in IR01 and:

a) enhance or renew the operational railway; and/or

b) are carried out in a high street environment, e.g. car park developments.

Purpose

This standard describes the contingency management process for Capital Delivery projects, programmes, and portfolios. Its purpose is to enable:

a) the effective and consistent management of contingency across Capital Delivery;

b) a continuous link between risk and contingency throughout the delivery lifecycle; and

c) the learning of lessons from significant instances of contingency utilisation.