TOPIC: Contingency Reserves Vs Management Reserve

Contingency Reserves Vs Management Reserve 9 years 5 months ago #5636

Mamadou Issa Topic Author Offline Fresh Boarder Posts: 2 Thank you received: 0	What is the difference between Contingency Reserves and amount of Management Reserve Thanks Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.
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Contingency Reserves Vs Management Reserve 9 years 5 months ago #5638

Sarah Burden
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Hi Mamadou Issa,

The contingency reserve is controlled by the Project Manager and is part of the budget for the project. The contingency is cover known risks.

the management reserve is held by the management committee and is used for unknown risks. It is not included in the budget for the project. It is held by the management committee and the project manager has to apply to the committee for the funds to be allocated to the project.

Hope that helps.

Sarah

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Contingency Reserves Vs Management Reserve 9 years 5 months ago #5641

Mamadou Issa Topic Author Offline Fresh Boarder Posts: 2 Thank you received: 0	very clear.. Thanks you Sarah Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.
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Contingency Reserves Vs Management Reserve