What is the difference between management reserves and contingency reserves?
A. Contingency reserves address known knowns, wheareas management reserves address known unknowns.
B. Contingency reserves address known unknowns, whereas management reserves address unknown unknowns.
C. Contingency reserves are managed by senior management, whereas management reserves are managed by the project manager.
D. Contingency and management reserves both address known unknowns and could be considered the same.
Answer: B. Contingency reserves address known unknowns, whereas management reserves address unknown unknowns.
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