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PMP Certification Practice Test 7
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Question : 21
Total: 72
As the project has been performing well and the forecasted risks wont be occuring, you realize you will not be needing the contingency reserves you created for the project, what will MOST LIKELY happen to such reserves ?
You can use them as per the Functional Manager's advice
You will delete them from the project budget
They will be used for another purpose in the same project
The senior management will make the final decision on what to do with them
Validate
Solution:
If the risk for which the contingency reserve was created will not occur, the funds will be deleted from the budget and most likely be allocated on another project within the organization.
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