Project Funding Requirements

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KaurP
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Project Funding Requirements

Postby KaurP Fri Aug 10, 2018 7:48 pm

Which of the following statements are FALSE regarding project funding
requirements?
A. Funding requirements are derived from cost baselines
B. Portions of management reserve can be include in each funding step
C. The total funds required are the cost baseline plus the management contingency reserve amount
D. Funding usually occurs in incremental amounts that are continuous, and hence appears as S- shaped curves
E. Management reserves are not par of the project cost baseline, but are included in the budget for the project

Is option B the answer for this Q?
manishpn
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Re: Project Funding Requirements

Postby manishpn Sat Aug 11, 2018 1:51 pm

KaurP wrote:Which of the following statements are FALSE regarding project funding
requirements?
A. Funding requirements are derived from cost baselines
B. Portions of management reserve can be include in each funding step
C. The total funds required are the cost baseline plus the management contingency reserve amount - this option may be true if we are looking from organization perspectve, but from PMs perspective funds needs are only baseline cost as mgmnt res are not transperant to Project
D. Funding usually occurs in incremental amounts that are continuous, and hence appears as S- shaped curves
E. Management reserves are not par of the project cost baseline, but are included in the budget for the project

Is option B the answer for this Q?
in general yes, however i have explained for option C,
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/

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