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Tiago Cardoso
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Is money for reward and recognition is set aside by PM during Cost PlaningPlanning?

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Is money for reward and recognition is set aside by PM during Cost Planing?

One of the tools and technique as part of "Develop team" process is to give reward and recognition to the people/team for showcasing desirable behavior during project execution. This is done because People are motivated when they feel their work or contribution is valued by organization.

As per PMBOK Guide, Generally, Money is viewed as the tangible aspect of any reward system, although Money is not the ONLY motivating factor.

In Risk Management planning, for known risks which are threats, typically PMs need to keep aside "contingency reserve" so that if such risks do occur, it can be taken care by the funds kept aside for it.

My Question is:

do the PMs "reserve" or keep aside a specific amount to make sure reward and recognition are done as a way for people's motivation during project execution and if yes, does this amount become part of "cost baseline" for that project?