Question: Match the plan to its definition. 1 Contingency Plan 2 Fallback Plan 3 Contingency Reserves or Allowances 4 Management Reserves A. Funds set aside in

Match the plan to its definition.

1 Contingency Plan

2 Fallback Plan

3 Contingency Reserves or Allowances

4 Management Reserves

A. Funds set aside in case unknown risks occur. Unknown = not identified in advance. B. Funds set aside in event known risks occur. Known = identified in advance. C. Predefined actions the team will take if an identified risk event occurs. Risk must be identified in advance AND plan made in advance, for this to exist. D. Plan if high impact negative event occurs. Example: failing to get into school of one's choice, and having to go to "safety" school.

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