CAPM (Certified Associate in Project Management) Practice Exam

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When is a percentage used in reserve analysis according to the text?

After a detailed risk assessment has been completed
When uncertainty exists across the entire project before any risk assessment
Only in the planning phase of the project
After the project schedule has been finalized

The correct answer is: When uncertainty exists across the entire project before any risk assessment

In reserve analysis, a percentage is used when uncertainty exists across the entire project before any risk assessment. This approach allows for a general contingency to be applied to account for potential risks and uncertainties that may impact the project as a whole, even before a detailed risk assessment has been conducted. This ensures that there is some level of buffer in terms of time, cost, or resources to manage unforeseen events or changes. In contrast, the other options are not the typical scenarios where a percentage is specifically used in reserve analysis.