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TOPIC: Question Regarding Cost Reserves

Question Regarding Cost Reserves 4 years 2 months ago #11149

  • mavs19
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During which process are cost reserves determined ? Is it the 'Estimate Cost' process within cost management or within 'identify risk' within the risk management area ? I cant see how it can be within the 'estimate cost' process if the risks have not been identified by then.

Question Regarding Cost Reserves 4 years 2 months ago #11158

  • John Wolverton
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Kailash
Please look at the following article 4squareviews.com/2013/05/07/5th-edition-...management-reserves/ (5th Edition PMBOK® GUIDE—Chapter 7: Contingency Reserves and Management Reserves)
I believe they do a good job of explaining the PMBOK Cost Management.
Best Wishes
jfw
John F. Wolverton, PMP®
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