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GAQM PPM-001 Exam - Topic 4 Question 126 Discussion

A Project with a total funding of $70,000 finished with a BAC value of $60,000.What term can best describe the difference of $10,000?
B) Management Contingency Reserve
A) Management Overhead
C) Cost Variance
D) Schedule Variance

GAQM PPM-001 Exam - Topic 4 Question 126 Discussion

Actual exam question for GAQM's PPM-001 exam
Question #: 126
Topic #: 4
[All PPM-001 Questions]

A Project with a total funding of $70,000 finished with a BAC value of $60,000.

What term can best describe the difference of $10,000?

Show Suggested Answer Hide Answer
Suggested Answer: B

The difference between the Cost Baseline and Funding requirement at Project completion is Management Contingency Reserve. BAC represents the revised Cost baseline for the project. So Management Contingency Reserve is true.


by Rodolfo at May 15, 2026, 02:36 PM

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Delsie
4 days ago
I agree, it's all about the budget discrepancies.
upvoted 0 times
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Gianna
10 days ago
That's definitely Cost Variance.
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Dean
15 days ago
Schedule Variance sounds familiar, but I don't think it applies to this funding situation.
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Buffy
20 days ago
I'm leaning towards Cost Variance as well, since it's about the budget versus the actual costs.
upvoted 0 times
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Truman
25 days ago
I remember a practice question where we discussed Management Contingency Reserve, but that doesn't seem to fit here.
upvoted 0 times
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Vallie
2 months ago
I think the difference of $10,000 might be related to Cost Variance, but I'm not entirely sure.
upvoted 0 times
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