PPM-001 practice question 13 of 35

A Project with a total funding of $70,000 finished with a BAC value of $60,000. What term can best describe the difference of $10,000?

Full set: 650 questions
Answer options
A: Management Contingency Reserve Correct answer
B: Cost Variance
C: Schedule Variance
D: Management Overhead
Correct Answer:
A. Management Contingency Reserve
Explanation

The difference between the Cost Baseline and Funding requirement at Project completion is Management Contingency Reserve. BAC represents the revised Cost baseline for the project. So Management Contingency Reserve is true.

Scroll to Top