PMP Question - Which one is correct?
Submitted by Thinhphung on Mon, 06/09/2014 - 05:29
A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000?
A. Cost Variance
B. Management Overhead
C. Management Contingency Reserve
D. Schedule Variance
Source: http://www.quizlib.net/PlayingPublicTest.aspx?quizid=47
Forums:
Meiyazhagan
Mon, 06/09/2014 - 07:33
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Answer C
Management contingency reserve - Because Management reserve equals to project budget - Budget at completion
sunku65
Mon, 06/09/2014 - 08:48
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Management reserves almost
Management reserves almost equal to 5% of BAC that not included in the BAC.
Answer is C