Question: a project is partially complete. the work package estimate was$297000,the contingency reserve is 34.5% and the management reserve is38.5% of the baseline. There are 2

a project is partially complete. the work package estimate was$297000,the contingency reserve is 34.5% and the management reserve is38.5% of the baseline. There are 2 approved change request based on known risks,CR1 which is $7400 and CR2 which is $141000.There is also a 3rd change request pending approval,CR3 which is $131500. What would be the remaining balance left in our contingency reserve if the only funds used from the contingency reserve was 31% of CR

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the remaining balance left in the contingency reserve we need to follow these steps Ste... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A projccLis partially complete. The work package nstimate was $355000, the contingency reserve is 37.9% and the management reserve is 30.3% of the baseline. There ane 2 approved change requests based...

a project is partially complete. The work package estimate was$296,000, the contingency reserve is38.6% and the management reserve is 33.8% of the baseline.There are 2 approved change request based...

Not yet answered Marked out of 1.33 Not flaggedFlag question Question text The bidder conferences are part of which procurement processes? a. Plan procurements b. Close procurements c. Conduct...

CIS 620/B Project Plan For the Global Collaboration Enterprise Information System 1200 12th Avenue, Suite 1200 Seattle, Washington 98114 U.S.A. November 11, 2015 Draft Version 19.0 November 11, 2015...

MGT6153.E1 Summer 2016 Multiple-Choice Exercise 3 Total Questions: 40 This assignment is due by Saturday of Week 9 August 13th at 11:59 PM Central Time. Identify the choice that best completes the...

Several weeks of work have now been completed on Cascada PREP project. Two areas of particular concern are the budget and the schedule. Some members of the project management team propose earned...

Which of the following is NOT a characteristic of the cost performance baseline? a. It shows cumulative approved budget against time. b. It is derived from the schedule performance baseline c. It is...

Please develop a Resource Histogram and resource leveling as well as a Risk Breakdown Structure and Response Planning. b. Monthly Cost Report - February 2015 Federal Only DESCRIPTION FFGA AMOUNT...

Q-1 Read the case properly and elaborate on risk assessment and Link your analysis to Don Rogers feeling about Tetra Techs risk. What has Tetra Tech done to overcome the difficulties associated with...

12 Chapter A4148 23218 6/8/01 6:25 PM Page 361 12Initiating Objectives After reading this chapter, you will be able to: 1. Understand the importance of initiating projects that add value to an...

Compare and contrast the advantages and disadvantages of franchising as a business venture. Advantages of franchising as a business venture

What is a NOW account? What are its advantages and disadvantages?

The concentration of an active ingredient in the output of a chemical reaction is strongly influenced by the catalyst that is used in the reaction. It is felt that when catalyst A is used, the...

REVIEW THE INFORMATION ABOUT LEAPFROG HOSPITAL SAFETY GRADES. CHOOSE TWO HOSPITALS TO COMPARE A VERY EFFECTIVE ONE AND ONE WHICH IS NOT EFFECTIVE. WHAT SEPARATES THE TWO? HOW CAN THE A HOSPITAL USE...

9. What is meant by the statement, the context is only relevant to us if we understand what it is trying to say?

7. What does it mean when we say that the words we use to denote a situation set limits on the solutions we can create at a later point?

8. Give examples from your own everyday life that the reference point you use has significance for the actions you take.