An allocation of extra funds to cover uncertainties and improve chances that the project can be completed within the timeframe originally specified is a:
A)setback.
B)budget contingency.
C)reallocation budget.
D)reserve line budget.

Question

Quizplus · Accepted Answer

A budget contingency is an allocation of extra funds to cover uncertainties and improve the chances that the project can be completed within the originally specified timeframe. It is a common practice in project management to have a contingency budget to manage project risks and uncertainties. Setback refers to a delay or obstacle that negatively affects project progress. Reallocation budget and reserve line budget are not relevant to the context.

An Allocation of Extra Funds to Cover Uncertainties and Improve