The Project Objective Must Be Clearly Defined and Agreed Upon

question 91

Multiple Choice

The project objective must be clearly defined and agreed upon by the

• A) sponsor or customer and the project team or contractor that will perform the project.
• B) stakeholders for the project.
• C) project team and subcontractors.
• D) suppliers of materials to the project.

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Definitions:

Asian Tigers

Refers to the economies of Hong Kong, Singapore, South Korea, and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates in the second half of the 20th century.

Industrial Market Economies

Countries or regions characterized by industrialized economic systems based on market principles, where goods and services are produced and exchanged according to supply and demand.

Hong Kong

A Special Administrative Region of China known for its vibrant economy, bustling port, and status as a global financial center.

Singapore

Singapore is a sovereign city-state and island country in Southeast Asia, known for its highly developed and diversified economy, strategic location, and strict regulations.