Difference between budget reserves and management reserves

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Reference no: EM132180919

1. Explain the difference between budget reserves and management reserves.

2. How are the work breakdown structure and change control process is not used? Why?

Ex 2.) Assume you have just been assigned to a project risk team of five members. Because this is the first time your organization has formally set up a risk team for a project, it is hoped that your team will develop a process that can be used on all future projects. Your first team meeting is next Monday morning. Each team member has been asked to prepare for the meeting by developing, in as much detail as possible, an outline that describes how you believe the team should proceed in handling project risks. Each team member will hand out their proposed outline at the beginning of the meeting. Your outline should include but not be limited to the following information:

Team objectives

Process for handling risk events

Team activities

Team outputs

Reference no: EM132180919

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