Difference between a contingency reserve and a management reserve

1
0
-1

What is the difference between a contingency reserve and a management reserve?

1174 views.
Answer
1 answer

1
0
-1

Contingency reserve is used to manage identified risks, while management reserve is used to manage unidentified risks.

Contingency reserve used by project manager
while for management reserve, he needs management’s permission.

Related content

Project Management + 1 more Views: 787 Votes: 0 Answers: 0
Communications + 1 more Views: 1,285 Votes: 0 Answers: 1
Communications + 2 more Views: 888 Votes: 0 Answers: 0