Reserve
A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier (e.g., management reserve, contingency reserve) to provide further detail on what types of risk are meant to be mitigated. The specific meaning of the modified term varies by application area.
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PMBOK® Glossary Terms and Definitions (3rd Edition) Copyright © by PMConnection - (11672 reads) | 
