Final answer:
The correct answer is D) Change Control Board, which is responsible for approving or rejecting changes to a project within a formal decision-making process. It greatly resembles the purpose of a committee in its structure and functionality.
Step-by-step explanation:
A Change Control Board (CCB) is a formal group of people responsible for approving or rejecting changes to a project. This entity often contains key stakeholders and individuals with the authority to make decisions regarding changes to the project scope, timeline, or budget. The Change Control Board upholds the project's objectives by ensuring all changes are aligned with the project goals and that the impact of changes is thoroughly considered before implementation.
Understanding what a committee is can be helpful in grasping the function of a Change Control Board in project management. A committee is essentially a collective of individuals delegated with the authority to perform specific functions, such as making decisions based explicitly on their expertise and understanding of the project's requirements and constraints.
Therefore, the correct answer to the above query is D) Change Control Board.