Oliver needed to purchase new equipment for his team in order to complete his project on time. His budget for purchasing new equipment, however, will depend on whether his company is awarded the grant he applied for. Many other companies applied for the same grant. This is an example of a project. A. Risk B. Security C. Constraint D. Milestone
Business · Middle School · Sun Jan 24 2021
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The situation described, where Oliver's budget for purchasing new equipment depends on the outcome of the grant application, reflects an example of:
A. Risk
The uncertainty surrounding the grant's approval and its impact on Oliver's ability to purchase the necessary equipment introduces a level of risk into his project planning and budgeting.