Summary of emergency reserves and Management emergency reserves in PMP

Content	Emergency reserveReserves	Manage emergency reserve
Other names	Contingency allowances	Management contingency allowances
Definition	Handle expected, but uncertain events deal with anticipated, but not certain, events	Unplanned but potentially required project scope and cost change management contingency reserves are budgets reserved for unplanned, butpotentially required, changes to project scope and cost.
Risk mitigation	Know-Unknown	Unknown-Unknown
Under what circumstances		Changes in the risk register may lead to such unplanned but possibly required changes
Who can use	Free use of PM	PM should be used after approval
Cost benchmark?	Ypart of project scope and cost baseline	Nnot a part of the project cost baseline, but are encoded in the budget for the project
Whether the budget is partial	Y	Y
Is it within the project scope?	Y	N
Included in Earned Value?		Nthey are notdistributed as budget and, therefore, are not a part of the Earned Value calculations.
Form	1. Aggregate the activities to a zero duration 2. Add the buffer activity at the end of the Key Path	List individual items in budget
Estimation required?	Yes	No, direct transfer