Management Reserve (MR)

Management Reserve (MR) is an amount of money included in the total budget withheld by management group for future consideration of execution risks. It usually includes current contingency cost.

Related Definitions in the Project: The Project Management; Risk Management; Project Cost 

Posted in Controls, Management and tagged , , , .

ThePD (The Project Definition)

ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.