The new campus scheme will take three years to complete. Projected inflation over this period will mean that staffing costs will be 6%
higher when the campus is operational.
Should this increase be managed as a risk to the project?
No, because inflation should be included as a cost in the Financial Appraisal.
No, because any increase in cost should be dealt with as an issue.
Yes, because any cost increase could threaten the affordability of a scheme.
Yes, because any risk that might affect the financial viability of a scheme should be closely managed.
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