ISACA Exam Questions

What should Wendy do with the funds in the contingency reserve?

Wendy is the project manager of the FBL project for your company. She has identified several
risks within her project and has created a risk contingency reserve of $45,000 total. Her project is
nearly complete and many of the risks have not happened in the project. What should Wendy do
with the funds in the contingency reserve?

A.
The funds for the risks that have passed and have not happened are transferred to the project
budget.

B.
The funds remain in the contingency reserve until all of the risks have passed.

C.
The funds remain in the contingency reserve until the project is closed.

D.
The funds for the risks that have passed and have not happened are released.

Explanation: