When a Project Starts as a High Priority but Its

question 42

True/False

When a project starts as a high priority but its rank erodes or crashes during its project life cycle resulting in closure of the project is an example of changed priority project closure.

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Definitions:

Hedged Item

An asset, liability, or planned transaction exposed to price risks that are offset by using a hedging instrument.

Anticipated Transaction

A future financial operation or deal that is expected to occur.

Existing Asset

Assets that are currently in possession or use by a company, as opposed to newly acquired or disposed assets.

Firm Commitment

An agreement between a buyer and a seller wherein the seller is obligated to supply an agreed-upon amount of goods or services at a specified price.