A project manager is leading a project to build a new bridge. The project is using a predictive lifecycle. The PM wants to ensure that the project is on budget. The PM uses 'Reserve Analysis'. What is this?

Answer options:

Checking the bank account.

Comparing the remaining reserves (Contingency) to the remaining risks to see if the funds are adequate.

Asking for more money.

Spending the money.

How to approach this question

Reserve = Risk Money. Analysis = Is it enough?

Full Answer

B.Comparing the remaining reserves (Contingency) to the remaining risks to see if the funds are adequate.✓ Correct

Task 5 (Budget) and Task 3 (Risk). Reserves are tied to risks. As risks expire, reserves can be released. As new risks appear, reserves may need increasing.

Common mistakes

Thinking reserves are just 'extra money' for anything.

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