What two areas of the project can the contingency reserve address in regard to risk management?

Joan is the project manager of the KYU project for her company. She is working with management on defining a contingency reserve for her project. Currently the project is scheduled to last 18 months and it has a cost budget of $2.5 million. What two areas of the project can the contingency reserve address in regard to risk management?

Question:

What two areas of the project can the contingency reserve address in regard to risk management?

Options:

Quality and costs

Cost and resource management

Risk and project planning

Costs and schedule

Correct Answer

The Correct Answer for this Question is

Costs and schedule

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