One of the main advantages of the contingency approach is that it lets a company adapt to the needs of a specific project on the fly. It also allows the management to modify the roles of employees who are already working on the project to ensure success.
By applying the contingency approach, a company ensures that the project has access to the people who are tailored to complete the project according to the client’s wishes. Another advantage is that it can be applied in small and large companies, where it’s able to provide integrated solutions regardless of the scope of a project. The downside of the contingency approach is that it only adapts and employs strategic thinking when the need arises, which precludes the ability to mitigate potential risks by planning ahead.
The contingency approach is effective only when a company has complete control over the roles and the behavior of its employees. By exerting this control, a company ensures that its employees remain focused on their existing roles until it’s necessary to adapt to the circumstances. Most of the burden related to the control falls on the project manager, who is in charge of assigning specific roles to the employees and making sure that the project is successfully completed. Project managers are required to analyze the problems in the workplace and solve them by matching the problems with employees who possess relevant skills.