What Are Project Objectives

question 37

Multiple Choice

What are project objectives?

• A) Quantifiable criteria that must be met for the project to be considered a success.
• B) Products, services, or processes that are not specifically a part of the project.
• C) Any measurable, tangible, verifiable outcome, result or item that is produced to complete a project or part of a project.
• D) Defines the work that must be completed to deliver a product with the specified features and functions.

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Definitions:

Promissory Estoppel

A legal principle that prohibits a party from going back on a promise made to another party, if the latter has reasonably relied on that promise to their detriment.

Option Contract

A contract granting one party the option to execute a transaction, such as buying or selling an asset at a future date.

Unconscionable

Ridiculously inadequate.

Forbearance

The act of refraining from enforcing a right, obligation, or debt, often temporarily and under specific conditions.