During the initiation and planning a project how much do we add to the project's budget in order to take into account discovered risks? And how much should we raise the price of the project for a customer?
Let's say we are talking about a custom software development company, and the project is a fixed-price project.
I'd like to know a concrete, systematic approach that can be used as a part of a project management methodology in a company. The goal is to minimize the number of unsuccessful or low-profit projects.