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 questionsCorrect 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.
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Other PPM-001 practice questions
- Question 1Which of the following is NOT a reason to measure variances from the baseline?
- Question 2What is the schedule performance index (SPI) using the following data? BAC = $100,000 PV …
- Question 3Formal written correspondence with the customer is required when:
- Question 4Group brainstorming encourages all of the following except:
- Question 5Which of the following is a KEY output of the Verify Scope process?
- Question 6The Java development of a project is outsourced to Indi a. The project schedule is starti…
