The First Step in the Project Planning Process Is to __________

question 41

Multiple Choice

The first step in the project planning process is to __________.

• A) establish sequences
• B) identify activities and resources
• C) determine project completion date
• D) define objectives
• E) determine manpower requirements

---

Definitions:

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports over a certain period of time.

Net Capital Outflow

The difference between the domestic country's purchase of foreign assets and foreign purchases of the domestic country's assets over a certain period, often reflecting the flow of funds abroad.

Domestic Investment

Expenditures made within a country by individuals, businesses, or the government for the purpose of acquiring goods and services to increase future production.

National Saving

Refers to the sum of private savings and government surplus, an important indicator of a country's ability to invest in its future.