Question: A project manager is trying to plan for a contingency reserve as part of the cost estimates for the project. Which of these would be

A project manager is trying to plan for a contingency reserve as part of the cost estimates for the project. Which of these would be an incorrect way to plan for contingency reserves?

Start the project with a zero value for contingency reserve.

Plan for contingency reserve as a fixed number.

Plan for contingency reserve as a percentage of the estimated cost.

Use quantitative analysis methods to arrive at the contingency reserve.

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