CAPM (Certified Associate in Project Management) Practice Exam

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Study for the CAPM Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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What is a management reserve?

A reserve for managing extra work
A fund for team management trainings
A dollar value set aside for unplanned changes not anticipated
Budget allocated for managerial salaries

The correct answer is: A dollar value set aside for unplanned changes not anticipated

A management reserve is a dollar value or portion of a project budget that is set aside for unplanned changes or risks that may arise during a project. It is used to cover any unexpected costs that were not initially accounted for in the project budget. Option A is incorrect because a management reserve is not specifically for managing extra work, but for any unplanned changes. Option B is incorrect because it is not solely for team management training, but for any unforeseen costs. Option D is incorrect because a management reserve is not allocated for specific salaries, but for any unanticipated expenses during a project.