Your manager, a senior sponsor of the project, has set aside reserve funds for project level risks. You believe the funds set aside, significant as they are, will act as a backup for higher-level, uncontrollable risky situations occurring in the global landscape. From a project management perspective, what would this contingency be called?

a.

Insurance.

b.

Management contingency.

c.

Task contingency.

d.

Emergency reserves.

Clear my choice