Answered

Oliver needs to purchase new equipment for his team in order to complete his
project on time. His budget for purchasing new equipment, however, will
depend on whether his company is awarded the grant he applied for. Many
other companies applied for the same grant.
This is an example of a project
A. security
B. milestone
C. constraint
D. risk



Answer :

GinnyAnswer

Final answer:

The importance of risk management and financial contingencies in projects, specifically in relation to budget uncertainties and financial management.


Explanation:

Risk management plays a crucial role in projects, especially when uncertainties are involved. In Oliver's case, the uncertainty of receiving the grant affects his budget for new equipment.

Projects often include financial contingencies to protect against overspending, highlighting the importance of anticipating setbacks and preparing for potential risks.

Money and financial management are essential components of projects, as they determine the feasibility and success of a project, like Oliver's equipment purchase depending on the grant outcome.


Learn more about Risk management in projects, financial contingencies, importance of budgeting here:

https://brainly.com/question/33787814


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