A Project with a total funding of $70,000 finished with a BAC value of $60,000.

What term can best describe the difference of $10,000?

A.
Management Contingency Reserve

B.
Cost Variance

C.
Schedule Variance

D.
Management Overhead

Explanation:
The difference between the Cost Baseline and Funding requirement at Project completion is Management Contingency Reserve. BAC represents the revised Cost baseline for the project. So Management Contingency Reserve is true.