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Message	Write Preview [quote="Francois Verschave" post=27372]Hi all, would someone please help me clarify a mismatch btw the Prepcast and the PMBOK Guide? Do funding requirements include management reserve (MR) ? => YES, acc. to PMBOK Guide Ed 6 chapter 7.3.3.1 "Cost Baseline" Figure 7-9 => NO, acc. to Prepcast video L07.03: Determine Budget - Part 2 at 17:00 (total funding = BAC) Bonus question, in this Prepcast lesson Cornelius mentions funding requirements include anticipated liabilities such as cost of quality, warranty costs. I understand these are 'known unknowns' hence belong to the cost baseline as part of the project contingency reserves. Right? Thank you for your much appreciated support![/quote]

Topic History of : Funding requirements and Management Reserves

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4 years 5 months ago #27372
Francois Verschave	Hi all, would someone please help me clarify a mismatch btw the Prepcast and the PMBOK Guide? Do funding requirements include management reserve (MR) ? => YES, acc. to PMBOK Guide Ed 6 chapter 7.3.3.1 "Cost Baseline" Figure 7-9 => NO, acc. to Prepcast video L07.03: Determine Budget - Part 2 at 17:00 (total funding = BAC) Bonus question, in this Prepcast lesson Cornelius mentions funding requirements include anticipated liabilities such as cost of quality, warranty costs. I understand these are 'known unknowns' hence belong to the cost baseline as part of the project contingency reserves. Right? Thank you for your much appreciated support!

4 years 5 months ago #27372

Francois Verschave

Francois Verschave's Avatar

Hi all,
would someone please help me clarify a mismatch btw the Prepcast and the PMBOK Guide?

Do funding requirements include management reserve (MR) ?
=> YES, acc. to PMBOK Guide Ed 6 chapter 7.3.3.1 "Cost Baseline" Figure 7-9
=> NO, acc. to Prepcast video L07.03: Determine Budget - Part 2 at 17:00 (total funding = BAC)

Bonus question, in this Prepcast lesson Cornelius mentions funding requirements include anticipated liabilities such as cost of quality, warranty costs.
I understand these are 'known unknowns' hence belong to the cost baseline as part of the project contingency reserves. Right?

Thank you for your much appreciated support!

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Funding requirements and Management Reserves