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Reply: Contingency Reserves Vs Management Reserve

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Topic History of : Contingency Reserves Vs Management Reserve

Max. showing the last 6 posts - (Last post first)
7 years 2 months ago #5641

Mamadou Issa

Mamadou  Issa's Avatar

very clear.. Thanks you Sarah
7 years 2 months ago #5638

Sarah Burden

Sarah Burden's Avatar

Hi Mamadou Issa,

The contingency reserve is controlled by the Project Manager and is part of the budget for the project. The contingency is cover known risks.

the management reserve is held by the management committee and is used for unknown risks. It is not included in the budget for the project. It is held by the management committee and the project manager has to apply to the committee for the funds to be allocated to the project.

Hope that helps.

Sarah
7 years 2 months ago #5636

Mamadou Issa

Mamadou  Issa's Avatar

What is the difference between Contingency Reserves and amount of Management Reserve

Thanks

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