noemi alvarez
Mind Map by noemi alvarez, updated more than 1 year ago
noemi alvarez
Created by noemi alvarez about 6 years ago


Mind Map on SAB7#136_Tipos_Reservas, created by noemi alvarez on 09/04/2015.

Resource summary

  1. Management Reserve
    1. Management reserves account for "unknown unknowns" (or simply "unknows"). These are items you did not or could not identify in risk management. This are estimated. (e.g., 5 percent of the project cost), and then these reserves are added to the cost baseline to get the project budget.
      1. To use management reserves is needed the manager approval
    2. Contingeny reserves
      1. contingency reserves account for "known unknowns" (or simply "knows"). Items identified in risk management, are calculated and become part of the cost baseline
        1. The Project manager can approve use of the contingency reserves
      2. No matter what you do, risks will remain in the project, and there should be a time or cost allotment for them, just as cost or time is allotted to work activities on the project.
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