What is the difference between contingency reserves and management reserves? When would each be used?
Answer to relevant QuestionsYou are the project manager in charge of construction of a new school building. Give one possible example each of a known known, known unknown, and unknown unknown you might encounter. List and briefly explain the eight common risk strategies that are used. Describe how you might use two or three of them together on a project. For a project where you are planning a campus event with a well-known speaker, identify and quantify risks and develop contingency plans for the major risks. Describe the process of achieving stakeholder satisfaction. Why is it important to consider stakeholder satisfaction? After an organization has developed a list of potential suppliers, how should the organization evaluate each supplier individually?
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