Your project sponsor has asked you to add 30% contingency to your project budget as a hedge against any unforeseen costs that could exceed the currently forecasted expenses, but has not provided any additional detail about why this is required. What do you do?
A. Add 30% to the management reserves.
B. Ask the sponsor to elaborate the risks that are behind the request.
C. Rebaseline the project budget.
D. Add 30% to the total budget.