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Comparing the amount of the contingency reserves remaining to the amount of risk remaining at any time in the project to determine if the remaining reserve is adequate is known as _____________________.
work performance information
meetings
work performance data
reserve analysis
This is a standard definition used in the PMBOK Guide under Project Risk Management under controlling risks process. As a project goes forward, new risks may be identified which were not identified at the beginning of the project in the risk register. If new risks are identified, then risk responses must be developed, and the funds for these responses must be added to the contingency reserves.
So whether the number of risks decreases or increases, they will affect the budget through the contingency reserves, and that is why the technique of reserve analysis becomes a tool of cost management
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