n the Project's objectives a. The specific objective is the purpose to which it will contribute and which will justify the project in the long term. b. The overall objective is the effect that is expected to be achieved if the project is completed successfully and on time. c. The objectives should be ambitious and achievable by others.

Before project closure is possible, which one of the following is responsible for demonstrating that acceptance criteria for the project have been met?          All project stakeholders and stakeholder representatives         The project developers         The project sponsor         The project manager

The chart below shows the initial investment and expected yearly payback for Project A and Project B     Project A Project B Initial Investment  $      300,000  $      450,000 Expected Yearly PayBack  $        45,000  $        90,000   For Project A, There has been a change in the expected yearly payback. Years 1 and 2 – you are expecting $45,000 each year. For the next three years, you are expecting $70,000 each year. What would be the average ROI for this alternative?

During the __________ stage of the project lifecycle, there is no significant difference in the importance that project managers place on the three goals of cost, time, and scope.   a.  phaseout   b. main   c. buildup   d. formation