Project prices and budgets should include ____ to pay for additional costs associated with implementing response plans.
A) a padded budget
B) a contingency or management reserve
C) expenses for other charges in the office to help
D) extra overhead

Question

Quizplus · Accepted Answer

A contingency or management reserve is a specific amount of funds set aside to cover unexpected costs that may arise during project implementation. This reserve helps ensure that the project can continue smoothly even if unforeseen challenges arise. A padded budget or extra overhead may not be necessary or appropriate for every project, and expenses for other charges in the office to help may be unrelated to the specific needs of implementing response plans.

Project Prices and Budgets Should Include ____ to Pay for Additional