Home » PMI » PMI-001 » Which of the following best describes project funds that are held in reserve to account for and offset known risks, such as project scope risks, schedule risks, cost or quality risks?
Which of the following best describes project funds that are held in reserve to account for and offset known risks, such as project scope risks, schedule risks, cost or quality risks?
A. Contingency reserve
B. Secondary risk
C. Residual risk
D. Contingency plan
Correct Answer: A
Explanation/Reference:
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