One of the choices below refers to major unforeseen risks and endeavors to supply funds for the same. Which choice is it?
A) Project reserves
B) Management reserves
C) Time buffers
D) Activity reserves
E) Contingency reserves

Question

Quizplus · Accepted Answer

Management reserves are funds set aside to address unforeseen risks that are not accounted for in the project's budget. These reserves are used for risks that are not identified or anticipated during the planning phase, providing a financial safety net for the project.

One of the Choices Below Refers to Major Unforeseen Risks