Final answer:
A project has a beginning and an end, expends resources, and is subject to various constraints and requirements that dictate its scope, budget, schedule, and overall success. All the mentioned characteristics are correct and are part of defining the criteria and constraints in the design process.
Step-by-step explanation:
A project encompasses multiple characteristics essential for its completion. Firstly, it has a beginning and a definite end, meaning it is a temporary endeavor with a clear end point. Secondly, a project expends resources such as time, money, personnel, and equipment. Lastly, every project has constraints and requirements, which could include scope, budget, schedule, and resources, along with performance factors and the creation of value to stakeholders. Constraints are non-negotiable conditions or limits that the project must work within, while criteria are measurable standards used to assess various aspects of the project's success.
These constraints and requirements are part of the design process, where criteria and constraints play a crucial role in determining the viability of potential designs. The process begins with defining the problem and establishing a clear problem statement, often including the identification of customer needs, market competition, technological and regulatory limitations, and resource availability. The ultimate aim of project design is to deliver a solution that meets the needs of both customers, who use and oftentimes pay for the product, and stakeholders, who have interests in the product's success.