Examlex

Solved

For Each Historical Identification Question, Define the Term and Briefly

question 54

Short Answer

For each historical identification question, define the term and briefly describe its historical significance.
Frankfurt Assembly


Definitions:

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.

Related Questions