The estimated cost of completing all the activities considered in a schedule will be US$14,500. The project’s sponsor requires a level of certainty about the cost baseline of at least 90%. As a result of a Monte Carlo simulation, the projected cost calculated is:
What should the contingency reserve be in order to fulfill the sponsor’s requirements?
A. US$5,500
B. US$6,500
C. US$7,000
D. US$8,200
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