Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total. Her project is nearly complete and many of the risks have not happened in the project. What should Wendy do with the funds in the contingency reserve?
A. The funds for the risks that have passed and have not happened are transferred to the project budget.
B. The funds remain in the contingency reserve until all of the risks have passed.
C. The funds remain in the contingency reserve until the project is closed.
D. The funds for the risks that have passed and have not happened are released.
Answer:D
Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total. Her project is nearly complete and many of the risks have not happened in the project. What should Wendy do with the funds in the contingency reserve?
A. The funds for the risks that have passed and have not happened are transferred to the project budget. B. The funds remain in the contingency reserve until all of the risks have passed. C. The funds remain in the contingency reserve until the project is closed. D. The funds for the risks that have passed and have not happened are released.