Question: After determining the project budget, there is typically another budget set that is called the Contingency Budget. What is this money used for? Give an

After determining the project budget, there is typically another budget set that is called the Contingency Budget. What is this money used for? Give an example when the contingency budget would be used.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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 Finance Questions!

A certain company is planning to run a project whose activities are summarized in the table below. \ table [ [ , , , ] , [ Task ID , Description, \ table [ [ Immediate ] , [ Predecessor ] ] , \ table...

After determining the project budget, there is typically another budget set that is called the Contingency Budget. What is this money used for? Give some examples when the contingency budget would be...

Summarize the following chapter: (Basic Elements of Planning and Decision Making) Obviously, insurance companies incur immense risks because of the number of policies they issue, but you may not know...

Make the summary of the following chapter "Basic Elements of Planning and Decision Making" . Obviously, insurance companies incur immense risks because of the number of policies they issue, but you...

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

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...

Summarize the following chapter: (Basic Elements of Planning and Decision Making) Decision Making and the Planning Process Decision making is the cornerstone of planning. Several years ago, Procter &...

Summarize the following chapter in your words: (Basic elements of Planning and Decision making) Decision Making and the Planning Process:> Decision making is the cornerstone of planning. Several...

Summarize the given chapter: (Basic Elements of Planning and Decision Making) what are Decision Making and the Planning Process? Decision making is the cornerstone of planning. Several years ago,...

I need help on the Boulder Public School Case Study . There are three questions asked at the end of the case study. HBSP Product Number TCG239. Rev. Oct. 2015 THE CRIMSON PRESS CURRICULUM CENTER THE...

by Vicki Jayne / business excellence Built to Last How to fill performance gaps How do you build a strong performance ethic into your organisational culture? Vicki Jayne talks to two executives who...

1. Use the following information to calculate the ratios below: Total Assets 600,000 Total Liabilities 200,000 Current Assets 160,000 Current Liabilities 80,000 Net Income 85,000 Shares Outstanding...

18. If a resident is eating in bed, you should: Stop them immediately to prevent choking Lower the head to at least 15 degrees Elevate the head of the bed to at least 30 degrees Lower the bed to the...

restate However, payroll organizations typically invest in robust security measures for sensitive payroll data, which might be more advanced than a company's internal system

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

1. Outline the listening process and styles of listening

4. Explain key barriers to competent intercultural communication