Contingency Reserves or Contingency ____________________ Are Funds Held by the Project

question 14

Short Answer

Contingency reserves or contingency ____________________ are funds held by the project sponsor that can be used to mitigate cost or schedule overruns if unknown risks occur.

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Definitions:

Protective Factor

Designates any attribute, characteristic, or condition that reduces a person’s risk of developing a problem or disorder.

Resilient

The ability to recover quickly from difficulties; emotional strength and toughness.

Stress

A psychological and physical response to demands or challenges, which can affect one's mental and physical health.

Behavior Therapy

Therapeutic approach using principles of learning theory to encourage desired behaviors or eliminate undesired ones; also called behavior modification.