<u>Contingency reserve</u> is the process of understanding what potential events might hurt or enhance a particular project.
When a danger materialises, the risk response plan calls for the utilisation of the contingency reserve. The cost or schedule is increased to account for the risk's real impact, the forecasts are revised, and the contingency reserve is reduced. But the starting point stays the same.
The selection of contingency reserves is not arbitrary. They are computed using any one of several different risk assessment approaches or procedures, and they are an element of the project's cost budget. Notably, the project manager is in charge of managing the contingency reserves.
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The era of western colonialism initiated with the discovery of the American continent by the expedition led by the Genovese navigator Cristopher Columbus in 1492.
After a series of failed attempts to get funding from diverse monarchies, he ultimately received the aid from the Crown of Castille (Spain). He left Spain with 3 ships on August 1492 and arrived in an island int he Bahamas in October 1492. He would then make 3 additional voyages to the newly found continent.
A city state is a city that is its own independent country.
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Andrew Jackson and his supporters responded to the “corrupt bargain” of 1824 by quitting the Federalist Party.
