QUESTION 13

1. From simple projects to very large and complex projects, Management Reserve is the money set aside for rainy days. This money is planned to be used for:

   		operational issues
   		managerial issues
   		all sorts of risks
   		unknown-unknown risks

2.5 points

QUESTION 14

1. One of the fundamental differences between EVM and EDM is:

   		a. traditional earned value management does not include duration
   		b. Earned Value Management (EVM) uses cost to assess schedule perfromance whereas EDM uses duration.
   		c. traditional project cost management does not include variance from the planned schedule or schedule analyis
   		d. There is no real difference between earned duration management and earned value management