Hi Jonathan,
Thanks for your reply, In regards to the contingency reserve and fallback plans , what I knew is that both of them act like Plan A & Plan B for Active acceptance response strategy, however for passive acceptance response strategy, there is no predefined set of actions , instead actions will be developed as workaround after the risk occurs, which is suitable for low priority risks that has very low likelihood & Impact, and in PMBoK P-348 fallback defined as "plans for use as reaction to a risk that has occurred and the primary response proves to be inadequate", in regards in how we deal with the time reserve you have triggered another question
Should we submit a change request in case that an identified risk with "active acceptance response strategy" occurs ?so we can adjust the schedule baseline!! , or the time reserve is already part of the schedule baseline just like the cost baseline , and there is no need to submit a change request ??
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