Crucial Exams

Project Management Professional Practice Question

What is the main purpose of conducting a Reserve Analysis in project management?

  • To complete a comprehensive financial audit of the project and submit it for stakeholder review.

  • To determine the sufficiency of contingency and management reserves for handling identified and unknown project risks, respectively.

  • To finalize the project budget and ensure that no further changes to financial plans are necessary.

  • To assign specific risk monetary values and ensure that a fixed budget is established for each identified risk.

Project Management Professional
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