Incorporate Warranty and Quality Assurance into Risk Assessment

What happens here

The video highlights a significant point for risk management: the company provides a 'one year, 2000 hours' warranty, even on 'just a used piece of equipment.' This is presented as 'quality assurance.' For generator projects, especially those requiring high reliability, a warranty on critical components can mitigate risks of premature failure or post-installation issues. When estimating project duration, factoring in the reduced likelihood of re-work or unexpected component failure (due to warranty coverage) allows for more confident and accurate timelines. This minimizes the need for contingency time in schedules, which is a core principle of robust time management in project planning.

Goal: Factor in the warranty provided with rebuilt or used parts for risk management. The company offers a 'one year, 2000 hours' warranty on rebuilt and even used equipment.