Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In terms of project management budgeting, what does the term reserve mean? Should a reserve amount be included in a project proposal? Explain the pros
In terms of project management budgeting, what does the term reserve mean? Should a reserve amount be included in a project proposal? Explain the pros and cons of having a reserve amount in the proposal. What are the consequences of running out of budgeted money in a project?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
In project management budgeting the term reserve refers to a portion of the budget set aside for unforeseen events or risks that may arise during the course of a project It is essentially a contingenc...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Human Resource Management
Authors: John Bernardin
6th Edition
978-0078029165, 0078029163
