Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Project managers utilize make or buy analysis frequently during a project.After you identified a risk for an activity, you estimated that an additional $5.000 may

Project managers utilize "make or buy analysis" frequently during a project.After you identified a risk for an activity, you estimated that an additional $5.000 may be required if this risk occurs. Therefore, you included this fund in your cost baseline. How do we name this fund in project cost management? A. Emergency reserve B. Fallback reserve C. Contingency reserve D. Management reserve

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Project Management

Authors: Timothy Kloppenborg, Vittal S. Anantatmula, Kathryn Wells

5th Edition

9780357715734

Students also viewed these General Management questions