Examlex
What is a process conflict?
Under Budget
A situation in which the actual spending is less than what was originally planned or allocated for a project or activity.
Management Reserves
Funds set aside by management for unforeseen changes in the scope or cost of a project.
Contingency Reserves
Allocated resources, time, or funds kept in reserve to address potential unforeseen obstacles or costs in a project.
Budget Baseline
The original approved plan for the project's budget against which project performance can be monitored and controlled.
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