Question

During project charter creation there is typically a very general understanding of the project, so any budget included is approximate and should be called a preliminary budget with a corresponding confidence level for this estimate__________

Answer 1

True

Step-by-step explanation:

It is true that during project charter creation, there is a very general understanding of the project. Usually, the project is unclear in these stages, and people are open to modifications as the project develops. When designing a budget at this stage, it should be a preliminary budget. It is important to be flexible when dealing with such plans, as designing a project that is too strict would only cause us problems later on. It would make it unable for us to adapt, and thus would mean that our project would not be suitable to our needs.