Question: The budget for a construction project is $ 7 5 0 , 0 0 0 . The project manager identifies a risk that might impact

The budget for a construction project is $750,000. The project manager identifies a risk that might impact the project cost by $50,000. As a response, the project manager includes a contingency reserve of $10,000 and a management reserve of $20,000. What is the cost baseline for the project? a) $800,000 b) $760,000c) $780,000d) $830,000

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 General Management Questions!