Which of the following terms best describes extra money in the project budget to be used if necessary - usually if a risk event occurs?

Question

Quizplus · Accepted Answer

Reserve is the term used for extra money in the project budget that is set aside to be used if necessary, typically in case of a risk event. Insurance and discretionary fund have different meanings, and padding implies the addition of unnecessary extra expenses.

Which of the Following Terms Best Describes Extra Money in the Project