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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?
Suggested Answer: B
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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.
24 comments · newest first
CO
Corinne
3 days ago
No, it’s not that. Contingency is for unexpected costs.
KR
Kristeen
8 days ago
I’m not sure. Could it be Management Contingency Reserve?
RI
Rickie
13 days ago
Agreed! $10,000 is definitely a variance.
CH
Chaya
19 days ago
I think it's Cost Variance. The project spent less than planned.
RY
Ryan
24 days ago
Management Overhead doesn’t fit. It’s not about overhead costs.
LA
Lauran
29 days ago
Cost Variance makes sense. It highlights budget performance.
MI
Mila
1 month ago
I feel like Schedule Variance is irrelevant here. We're discussing costs.
PA
Paul
1 month ago
Management Contingency Reserve sounds off. It's not extra funds.
GI
Gianna
1 month ago
Agreed, $10,000 is definitely a cost difference.
TI
Tina
2 months ago
I think it's Cost Variance. It shows the difference between budget and actual.
LU
Luther
2 months ago
I thought it might be Management Overhead at first.
MO
Mollie
2 months ago
Management Contingency Reserve could fit too, but I lean towards C.
BE
Beckie
2 months ago
Wait, is it really just $10,000? Seems off.
BL
Blondell
2 months ago
I agree, it's clearly C.
MA
Mari
3 months ago
That's definitely Cost Variance.
AN
Angelyn
3 months ago
No way it's Management Overhead, that's not it!
BE
Beula
3 months ago
Surprised it's not more than $10,000!
EL
Elvis
3 months ago
Wait, isn't it possible that it's just a contingency reserve?
DE
Delsie
3 months ago
I agree, it's all about the budget discrepancies.
GI
Gianna
3 months ago
That's definitely Cost Variance.
DE
Dean
4 months ago
Schedule Variance sounds familiar, but I don't think it applies to this funding situation.
BU
Buffy
4 months ago
I'm leaning towards Cost Variance as well, since it's about the budget versus the actual costs.
TR
Truman
4 months ago
I remember a practice question where we discussed Management Contingency Reserve, but that doesn't seem to fit here.
VA
Vallie
5 months ago
I think the difference of $10,000 might be related to Cost Variance, but I'm not entirely sure.