What Are Project Assumptions

question 39

Multiple Choice

What are project assumptions?

• A) Specific factors that can limit options.
• B) Factors that are considered to be true, real, or certain without proof or demonstration.
• C) Quantifiable criteria that must be met for the project to be considered a success.
• D) A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

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Definitions:

OASDI

The Old-Age, Survivors, and Disability Insurance program, part of the U.S. Social Security system, providing benefits to eligible retirees, their families, and the disabled.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Maximum Earnings Limits

The ceiling on the amount of earnings on which certain taxes or contributions, such as Social Security in the United States, are required.

FICA-Medicare

A federal insurance contribution act tax specifically designated for Medicare, a portion of the payroll tax paid by employees and employers to fund the Medicare program.