Question

1. 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. 2. The project budget includes costs for each activity plus other project costs such as administrative costs and overhead costs. True False

Answer 1

1. a. sponsor or customer and the project team or contractor that will perform the project.

The objective of the project needs to be defined and agreed upon by the client and the team planning to execute the same as well.

2. True

The actual cost along with the indirect costs are part of the budget.