Contingency money is:
A)Not formally in the project budget,but held in a separate company account for all projects.
B)Added to the project's budget following the identification of all project costs.
C)The first line item in any project budget at an amount dictated by company policy.
D)Not in the project's budget,but calculated and set aside once the project budget is completed.

Question

Quizplus · Accepted Answer

Contingency money is added to the project's budget following the identification of all project costs. It is set aside for unforeseen or unexpected events that may occur during the project, such as delays or additional expenses. It is important to have a contingency plan in place to ensure that the project remains on track and within budget.

Contingency Money Is