You Have Been Chosen to Upgrade the Computer System for Your

question 56

Short Answer

You have been chosen to upgrade the computer system for your homeowner's association. You want to purchase a system that will be useful for several years. You want the computer to be able to perform quickly. What is the easiest way to make the computer run faster?

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Definitions:

Contingency Reserve

Funds allocated within a project budget to address unforeseen situations or risks, providing a buffer for unplanned expenses.

Unspecified Extra Costs

Additional expenses that were not originally planned or accounted for in a project's budget, often arising from unforeseen circumstances or changes.

Estimate to Complete

An updated projection of costs still required to complete all remaining project activities, considering current performance.

Budget at Completion

The total budget allocated for a project based on all estimated costs upon completion.