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CAPM Certification Practice Test 5
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Question : 48
Total: 50
The sponsor has asked the Project Manager to ensure that sufficient amount of management reserve is available for his project. What does the Project Manager explain to the team as the primary purpose of management reserve?
To take care of the risks identified for the project activities
To take care of the costs that management may incur to review the project activities
To take care of the risks that could not be identified by the project team
To take care of the risks those have been identified, but no response has been planned to take care of them
Validate
Solution:
Correct Answer is 'C'. Management Reserve is specifically for the "Unknown Unknown" risks which could not be identified in the normal circumstances by the Project Team.
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