Which of the following descriptions relates to reserve estimating?a.)Uses real costs to a project and does not allow for any variationsb.)Involves having money to cover project changesc.)Uses comparisons to similar projects to guide estimatesd.)Involves setting a cost or value for each activity

In project cost estimation, what does a contingency reserve primarily account for?*A. Recurring costs over the project’s durationB. Unexpected risks or unforeseen eventsC. Fixed costs such as salariesD. Indirect costs like administrative expenses

9. Which of the following is included in the total project budget but is not included in the cost performance baseline? A. Control accounts B. Work package estimates C. Contingency reserves D. Management reserves

Which of the following describes the Actual budgeting method? Does not include overhead costsConsiders historical budgetsAllows for cost overagesEstimates a value for each project activity

Which of the following describes the Comparison method of budgeting? Does not include overhead costsSets a cost for each project activity Does not include variations or changes in the budgetProvides a short cut for developing the budget

Which piece of information below is included in a resource agreement?Effort estimatesTime estimatesDependenciesContingencies