Examlex
Which of the following was a consequence of the Russian decision to cut off Western land access to Berlin in 1948?
Planned Value
The budgeted cost of work scheduled to be completed by a specific point in time during a project.
Cost Variance
The difference between the budgeted or baseline amount of expense and the actual amount spent.
Contingency Reserves
Funds or resources set aside to cover unexpected costs or risks in a project or budget.
Management Reserves
Funds set aside in a project budget by management for unforeseen work or risks, not part of the baseline budget but available for use as needed.
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