Worried about unforeseen project challenges? Let’s explore Management Reserves!
A Management Reserve is an amount of the project budget or schedule held outside the performance measurement baseline (PMB) for management control purposes, reserved for unforeseen work within the project scope.
Management Reserves help you handle unexpected issues. They provide a safety net for unforeseen challenges.
Allocate a portion of your budget or schedule as a reserve. Use it only for unforeseen work that is within the project scope.
Utilize Management Reserves to safeguard your project. It’s essential for effective project control and risk management!
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