PMP Exam Set G – Q59

A project manager included contingency reserves and management reserves in the total budget of a high-risk project. He also made certain earned value measurement calculations. Which of the following is incorrect?

A. Contingency reserves are not part of the project cost baseline.
B. Management reserves are not part of the project cost baseline.
C. The project manager needs to get approval before spending management reserve.
D. Reserves are usually included in the total budget of a project.

A. Contingency reserves are not part of the project cost baseline.