Student's Question:
Subject is management reserves.
I don't think the answer is correct or is ambiguous at
best. Nowhere in the PMBOK does it say that these reserves
require a change to the plan as stated in the supposed correct answer. If these
reserves are already approved as part of the plan why would they require a
change?
D is actually a better answer as they are part of the
plan which would have had to have been approved by projust sponsors at some
point in time...
Expert's Reply:
Thanks for bringing the reference typo to our attention Russ. We will update this for our next release.
Re the Management Contingency Reserve: When referencing "the Plan" it is safe to assume we are talking about the baseline plan. In order to use management reserves, they must first be approved by the sponsor and once approved, the baseline is adjusted accordingly. We need to adjust the baseline so that we can accurately calculate the earned value of the
project. This is also supported on page 173-7.2.3.2.
Trust this helps support why we answer B as the correct answer
