All terms

Contingency Reserve

Budget or time set aside for identified risks that are accepted.

Original SimCert study summary; not an official PMI® glossary definition.

Performance domain · RiskPrinciple · Focus on ValueExam domain · Process

Questions that use this term

Process·Governance

Midway through execution, a customer requests an enhancement that was not part of the original scope but would significantly improve the product's usability. The project manager believes it is a good idea and has spare budget contingency.

What should the project manager do?

Practise this domain

Nearby terms in Risk