Which of the following terms best describes extra money in the project budget to be used if necessary - usually if a risk event occurs?
A) reserve
B) insurance
C) padding
D) discretionary fund

Question

Which of the following terms best describes extra money in the project budget to be used if necessary - usually if a risk event occurs? 
A) reserve 
B) insurance 
C) padding 
D) discretionary fund

Quizplus · Accepted Answer

Reserve is the term used for extra money in the project budget that is set aside to be used if necessary, typically in case of a risk event. Insurance and discretionary fund have different meanings, and padding implies the addition of unnecessary extra expenses.

Which of the Following Terms Best Describes Extra Money in the Project