Reserve analysis (Section 184.108.40.206) establishes the contingency reserves that are allowances for unplanned but potentially required changes that can result from realized risks identified in the risk register.
Management contingency reserves are budgets reserved for unplanned changes to project scope and cost. These are "unknown unknowns" and the project manager may be required to obtain approval before obligating or spending this reserve. Management contingency reserves are not a part of the project cost baseline, but are included in the total budget for the project. They are not included as a part of the earned value measurement calculations.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.