cost management - management reserve
Submitted by vijayavadrevu on Sat, 03/23/2013 - 11:46
Forums:
management reserves are normally defined asa percentage of estimated budget. As a project goes through its life cycle phases on a cost reimbursable contract, the project manager wants the dollar value of the management reserve to ------------------, whereas the customer wants the management reserve to ......................
Ans is
Remain the same; be returned to the customer
can some one explain the concept?
