Budget reserves are set up to cover identified risks associated with specific segments of a project while management reserves are set up to cover unidentified risks associated with the total project.
Answer the following statement true (T) or false (F)
True
Budget reserves are set up to cover identified risks; these reserves are those allocated to specific segments or deliverables of the project. Management reserves are set up to cover unidentified risks and are allocated to risks associated with the total project.
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Money that has value in large part by the government's proclamation is known as
A. fiat money. B. M1. C. full-bodied money. D. inside money.
When the sales price per unit decreases, the breakeven point ________.
A) increases B) decreases C) remains the same D) decreases proportionately
________ use networks of contacts more than formal authority.
A. Managers B. Franchisees C. Small businesses D. Entrepreneurs E. Franchisors
Consumers are reluctant to purchase substitute brands if a desired brand of a convenience product is unattainable.
Answer the following statement true (T) or false (F)