Question

A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service. a. True b. False

Answer 1

TRUE

Step-by-step explanation:

It is a true assertion that a project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service.

There are 3 things that define a project - Scope, Cost and Time.

Scope: Every project has an aim to achieve and involves the achievement of specific goals, deliverables, features and functions.

Cost: The project must have a specified budget which represents the cost to achieve the goal(s) of the project

Time: Every project must be delivered within a specified time.

Therefore the definition offered above is an appropriate definition of a project

Answer 2

a. True

Step-by-step explanation:

In addition to the definition above, most project goals and plans usually are more specific in the early stage of work even until it is completed.