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When do we need to use the management reserve in the project?

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Question added by Bassem Al-Ahmad , Financial Director , ADR
Date Posted: 2014/09/02
Salauddin Mohammad
by Salauddin Mohammad , Sr. Manager, Software Development , Aspen Technology Inc

Management reserve is the cost or time reserve that is used to manage the unidentified risks or “unknown-unknown”. Management reserve is not an estimated reserve; it is a random figure, which is defined according to the organization’s policy.

Unforeseenable or unexpected conditions

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