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Business Studies

19. During execution of a project, an identified risk event occurs that results inadditional cost and time. The project had provisions for contingency andmanagement reserves. How should these be accounted for?WAA. Contingency reservesB. Residual risksC. Management reservesD. Secondary risks​

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The question is about correct accounting for risk events that occur and updating the reserves. Reserves are meant for making provisions in cost and schedule, to accommodate for consequences of risk events.The answern should be A)contingency reserves

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