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TOPIC: cost saving and contingency reserve

cost saving and contingency reserve 11 months 3 weeks ago #24262

  • Saleh Alhumaid
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can any one help to explain when project costs have been saved due to the project taking advantage of an unexpected opportunity . what should be done with these saved costs?

cost saving and contingency reserve 11 months 3 weeks ago #24269

  • Charlie
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Hey Saleh, I got a question about it in the last mock exam. Turned out that saving realised as a result of a realised opportunity are to be transferred to the contingency reserve (not to management reserve). Since the costs contingency reserve is part of the costs base line, the cost base line does not require update.
The following user(s) said Thank You: Joe Pang, Saleh Alhumaid

cost saving and contingency reserve 11 months 3 weeks ago #24274

  • Saleh Alhumaid
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Thanks Charlie
That was very helpful
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