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
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.
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®
