What Is a Project Charter

question 65

Multiple Choice

What is a project charter?

• 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:

Research And Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Amortization

The process of spreading out a loan's payments over time, often relating to intangible assets as well.

Boot

A non-cash item given or received in a transaction to even out the value exchange, commonly used in the context of trade or real estate deals.

Similar Asset

An asset that has comparable characteristics and functionality to another asset, often considered when evaluating replacements or equivalents.