Which of the following is true about management reserves versus contingency reserves?
A) Contingency reserves are not likely to be spent.
B) Management reserves are not part of the project's budget baseline.
C) Management reserves are not included in the total project budget.
D) Management reserves are likely to be spent.
E) Contingency reserves are not part of the total budget for the project.

Question

Quizplus · Accepted Answer

Management reserves are not part of the project's budget baseline, but rather a separate budget for unforeseen events and risks. Contingency reserves, on the other hand, are included in the project's budget baseline and are intended to be spent if needed for known risks. Therefore, options A, C, D, and E are not correct.

Which of the Following Is True About Management Reserves Versus