Register now or log in to join your professional community.
go into this fund?
a. Bottom-up estimate
b. Reserve analysis
c. Variance analysis
d. Upside-risk estimate
B – The reserve analysis is explicitly used for determining risk contingency reserve amounts.
Budget Amount is determined by similar projects incurred. Increases in budget are determined by Inflation rate. Also research is done to determine "new costs" associated with the project. These costs are then included in the budget.
