_____ refers to funds set aside by the project team to address unforeseen events.
A) Contingency
B) Ballpark estimate
C) Line estimate
D) Rough order of magnitude ROM) estimate
E) Conceptual estimate

Question

Quizplus · Accepted Answer

Contingency refers to a reserve amount of funds set aside to address unforeseen events that may arise during a project. Ballpark estimate, line estimate, rough order of magnitude (ROM) estimate, and conceptual estimate are all types of cost estimates and do not directly refer to funds set aside for contingencies.

_____ Refers to Funds Set Aside by the Project Team