Residual Risks vs Secondary Risks – We have to face risks in our daily lives. In some cases, we try to avoid them. However, risks are inevitable situations that may affect our plans. The same goes for organizations and projects. … Read more
What is project cost management, why is it important for your project’s success, and how to create a project budget? This article discusses the essential cost management processes and the importance of project cost management. As an integral part of … Read more
Have you ever heard contingency budget in project management? Actually, Contingency Reserve vs Management Reserve is an important topic for the PMP Certification exam. You may encounter some questions related to the reserves. Calculating reserve is a part of a … Read more
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