Calculating Reserves in Projects
Please describe how reserves are calculated for your projects. If you have not or do not work in a project environment, then find a relevant article or example to answer the question below (be sure to cite any outside sources).
In your response, consider answering the following questions:
Who determines how much should be requested?
What methods are used to determine the amount?
Who approves the amount?
When are reserves used on a project?
What are the strengths and weaknesses of your company’s method?
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