Your browser does not support JavaScript!

M › Management Reserve

COV ITRM Glossary

Management Reserve

Definition

A separately planned quantity used to allow for future situations, which are impossible to predict (sometimes called “unknown unknowns”). Management reserves may involve cost or schedule. Management reserves are intended to reduce the risk of missing cost or schedule objectives. Use of management reserve requires a change to the project’s cost baseline.

Previous <  |  > Next
L < | > N