Examlex
A local plumbing company installed global positioning satellite (GPS) tracking devices in all its trucks to ensure that employees were going on service calls and not running personal errands. This is an example of _____.
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.
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