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Question:
Reasons to Lyv is the top customer of a large marketing company. Trudy is the president of Reasons to Lyv and has decided to debut a product that leverages new GPS tracking technology. She discusses with Roy, the project manager on the project, to review and measure whether a sufficient amount of funds maintains to solve known risks. What activity are they using?
A
Reserve analysis
explanation
Reserve analysis is a data analysis technique of the Monitor Risks process. Reserve analysis compares the amount of contingency reserve remaining to address the risk that remains. Contingency reserves (used to deal with known risks) are considered part of the project budget, while management reserves (used to deal with unknown risks) are not.
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