Q: What is the first step when completing a reserve analysis?
or
Q: How does one go about doing a reserve analysis?
- Categorize different types of costs
- Develop a baseline budget
- Account for cost of quality
- Review all potential risks to your project
Explanation: Establish a budget for the baseline. The completion of this stage is necessary for conducting an efficient reserve analysis since it lays the groundwork for understanding and controlling costs for the whole of the project.
