Phase in which Proposals are solicited, received, and evaluated                                                             Phase in which project documentation is organized, filed, and archived for possible future use                                                             Phase in which the Project Charter is produced                                                             Phase which includes evaluating and recognizing staff                                                             Phase in which the RFP is produced                                                              Phase in which the Baseline Plan is produced                                                             Phase which results in the completion of the project scope                                                             Phase in which the Contract is signed                                                             Phase where usually most resources are used and most time is spent                                                             Phase where final payment to contractor is made A. Initiating B. Planning C. Performing D. Closing

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Question
                                                           

Phase in which Proposals are solicited, received, and evaluated

                                                           

Phase in which project documentation is organized, filed, and archived for possible future use

                                                           

Phase in which the Project Charter is produced

                                                           

Phase which includes evaluating and recognizing staff

                                                           

Phase in which the RFP is produced 

                                                           

Phase in which the Baseline Plan is produced

                                                           

Phase which results in the completion of the project scope

                                                           

Phase in which the Contract is signed

                                                           

Phase where usually most resources are used and most time is spent

                                                           

Phase where final payment to contractor is made

A.

Initiating

B.

Planning

C.

Performing

D.

Closing

Expert Solution
Step 1: Initiating Phase

1. Phase in which the Project Charter is exhibited – A. Initiating

— Explanation: Here, the project's intent and scope are specified. Creating the Project Charter is the first step, as it officially describes the project, describes its aims, and determines the project manager.

2. Phase in which the Contract is signed – A. Initiating

— Explanation: This step regards settling and authorizing the declaration with stakeholders or vendors, which formalizes the commitment to the task, its range, and its terms.







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