What is the relationship between a project's progress and the level of budget reserves?
A)As the project nears completion,the budgeted reserves tend to increase.
B)As the project nears completion,the budgeted reserves tend to decrease.
C)As the budgeted reserves increase,the project tends to near completion.
D)As the budgeted reserves decrease,the project tends to near completion.

Question

Quizplus · Accepted Answer

As the project progresses and nears completion, the level of uncertainty and risk decreases, which means that the need for budget reserves also decreases. Therefore, it is common for budgeted reserves to decrease as the project nears completion. Option A is incorrect because the budgeted reserves tend to decrease, not increase. Option C is incorrect because increasing budgeted reserves does not directly indicate progress towards completion. Option D is incorrect because decreasing budgeted reserves does not necessarily mean that the project is nearing completion.

What Is the Relationship Between a Project's Progress and the Level