PMP Exam Set A – Q19

A project manager is trying to plan for a contingency reserve as part of the cost estimates for the project. Which of these would be an incorrect way to plan for contingency reserves?

A. Start the project with a zero value for contingency reserve.
B. Plan for contingency reserve as a fixed number.
C. Plan for contingency reserve as a percentage of the estimated cost.
D. Use quantitative analysis methods to arrive at the contingency reserve.

A. Start the project with a zero value for contingency reserve.