The amount of money required to implement a contingency planA plan that provides an outline of decisions and measures to... More. If the Project BoardA group, usually comprising the sponsor, senior managers and... More approves a contingency planA plan that provides an outline of decisions and measures to... More, it would normally set aside a contingencySee Reserve. The planned allotment of time and cost or other... More budgetA budget represents the (time-phased) cost performance targe... More, which would only be called upon if the contingency planA plan that provides an outline of decisions and measures to... More had to be implemented.
