Difference between a contingency reserve and a management reserve

cpt_nemo's picture
cpt_nemo

81 points

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

Planning
Project Management
Resource and Sourcing
Posted 5 years ago. 4035 views.
Answer
1 Answer

Grabber's picture
Grabber

210 points

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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.

- 5 years ago.

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