Ask Question
BusinessBusiness
11 November, 13:31

A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service. a. True b. False

+4
Answers (2)
  1. 11 November, 14:49
    0
    a. True

    Explanation:

    In addition to the definition above, most project goals and plans usually are more specific in the early stage of work even until it is completed.
  2. 11 November, 17:10
    0
    TRUE

    Explanation:

    It is a true assertion that a project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service.

    There are 3 things that define a project - Scope, Cost and Time.

    Scope: Every project has an aim to achieve and involves the achievement of specific goals, deliverables, features and functions.

    Cost: The project must have a specified budget which represents the cost to achieve the goal (s) of the project

    Time: Every project must be delivered within a specified time.

    Therefore the definition offered above is an appropriate definition of a project
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service. a. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the name for an automatic loan made to your checking account whenever your account does not contain enough cash to cover the checks that you have written against it?
Answers (1)
You are interested in buying a share of stock in LMU Company. You expect a dividend payment of $10 next year and that the dividend will grow by 6% per year thereafter. You desire a 8% return on your purchase.
Answers (1)
Suppose a person has a health insurance policy with a $500 calendar-year deductible, a $2,000 out-of-pocket cap, and an 80% coinsurance provision.
Answers (1)
It is important to diversify your investments a. because money saved in a bank is not protected b. so you do not pay more taxes to the government c. in order to minimize risk and maximize return d. to keep your financial documents
Answers (1)
Conflicts between stockholders and debtholders arise because stockholders are less willing than debtholders to take on risky projects because stockholders are more "at risk" of losing their investment. true or false?
Answers (1)
New Questions in Business
Xer-wise markets and promotes its products to consumers over the internet. melody and tom are considering a more aggressive approach to generate enthusiasm for the musclemaster over the internet.
Answers (1)
At the beginning of the current year, both Gerald and Nicolas own 50% of Apple Corporation. In July, Gerald sold his stock to Sarah for $110,000.
Answers (2)
The U. S. government pays an economist at the U. S. Department of Commerce $100,000 in salary in 2013. The economist then retires. In 2014, the government pays him $60,000 in Social Security benefits. Which of the following is correct? a.
Answers (1)
What will a decrease in interest rate cause
Answers (1)
Kendra's level of education is a high school diploma. Which careers could she work in? Check all that apply. a. Planning Clerk b. Production Worker c. Mechanical Engineer d. Hand Packer e. Operating Workers f. Industrial Engineering Technician
Answers (2)
Home » Business » A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service. a. True b. False
Sign Up Forgot Password?