Difference between a contingency reserve and a management reserve

1
0
-1

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

2921 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: 2,052 Votes: 0 Answers: 0
Communications + 1 more Views: 3,140 Votes: 0 Answers: 1
Communications + 2 more Views: 2,127 Votes: 0 Answers: 0