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Reply: Is Change Request required to change Management Reserve?

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Topic History of : Is Change Request required to change Management Reserve?

Max. showing the last 6 posts - (Last post first)
3 years 10 months ago #21003

Ishita Korgaonkar

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What is project managers's reserve? Is it a portion of management reserve?
3 years 10 months ago #20903

Rostam

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If change the management reserve which is not effected base line and it is kept to assess project via trend analysis do you think it needs to create a change request? This change is not effect base line.
4 years 6 months ago #18564

Anonymous

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thanks for the answer . I'm , however, still confused: what's the difference between both explanations ? ( Answer (B in Lesson L07.03 ) and the the explanation of question 13 of Self Assessment 07
4 years 6 months ago #18559

Mindy Lendrum

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Thank you for the question and the response. Was just beating my head against the wall trying to understand how both could be correct. Thanks!
4 years 10 months ago #17499

Cynthia Lim Louis, PMP

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Management reserve is the amount reserved for unknown unknown risks that is held by the management. It is not included in the baselines. However, if you need to use the management reserve to increase the project manager's reserve which could affect the baselines, you will require a change request.
4 years 10 months ago #17404

Tongan Wang

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In Lession L07.03: Determine Budget - Part 2, 21:19
"Which of the following does not need a change request to modify its value after it is approved?"
"The correct answer is B: Mangement Reserve"

However, in Self_Assessment_07_Cost, the explanation under Question 13 says "B.) ... but increasing manager reserve requires a change request...".

So is change request required to change managment reserve?

Thanks for your help in advance.

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