Difference between revisions of "Contingency Reserve"

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(Created page with "Contingency Reserve is Time or money allocated in the schedule or cost baseline for known risks with active response strategies. See also management reserve and project bu...")
 
 
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==Definition==
 
==Definition==
According to [[Macroeconomics by Mankiw (7th edition)]],
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According to the [[PMI Lexicon of Project Management Terms]],
 
:[[Contingency Reserve]]. Time or money allocated in the schedule or cost baseline for known risks with active response strategies. See also management reserve and project budget.
 
:[[Contingency Reserve]]. Time or money allocated in the schedule or cost baseline for known risks with active response strategies. See also management reserve and project budget.
  
[[Category: Economics]][[Category: Articles]]
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[[Category: Project Management]][[Category: Articles]]

Latest revision as of 18:51, 3 July 2020

Contingency Reserve is Time or money allocated in the schedule or cost baseline for known risks with active response strategies. See also management reserve and project budget.

Definition

According to the PMI Lexicon of Project Management Terms,

Contingency Reserve. Time or money allocated in the schedule or cost baseline for known risks with active response strategies. See also management reserve and project budget.