What is Reserve Analysis?

In project management, Reserve Analysis is equivalent to laying aside some additional money or time for unforeseen surprises, analogous to keeping a spare tire in your automobile for unexpected flat tires. It entails estimating and evaluating how much more funding, time, or resources you may require to address any unanticipated challenges or modifications that may arise throughout the course of the project. By doing this analysis, project managers can intelligently plan and assign these reserves, ensuring that there is a backup plan or extra resources available if things don’t go as planned, assisting in keeping the project on schedule even when confronted with unanticipated problems.