Question
Refer to: https://www.humphreys-assoc.com/evms/effective-management-reserve-ta-a-60.html#:~:text=MR%20is%20necessary%20to%20successfully,is%20not%20a%20financial%20reserve. What exactly does management reserve mean as it relates to a project? Use an example of a real or hypothetical project to
Refer to: https://www.humphreys-assoc.com/evms/effective-management-reserve-ta-a-60.html#:~:text=MR%20is%20necessary%20to%20successfully,is%20not%20a%20financial%20reserve.
What exactly does "management reserve" mean as it relates to a project? Use an example of a real or hypothetical project to briefly explain how a management reserve might be used. How would you convince your sponsor on the value of establishing a management reserve?
Response should be supported by at least one reference from the text which should be cited in the body of the post.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
