Project Scope Statement Links the Project to the Organization's Overall

question 5

True/False

Project scope statement links the project to the organization's overall business goals. It describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project.

---

Definitions:

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for production.

Master Budget

A comprehensive financial plan that includes all of the smaller specialized budgets within an organization for a specific period, guiding financial planning and performance benchmarks.

Cash Disbursements

The total amount of money paid out by a business for all its expenses and investments during a specific period.

Selling Expense

Costs incurred directly from the selling of goods or services, such as sales commissions and advertising expenses.