Final answer:
Compliance projects are undertaken by organizations to adhere to legal and regulatory requirements. They are mandatory for lawful operation and differ from strategic or d. operational projects, which aim at achieving business goals or improving efficiency.
Step-by-step explanation:
Projects that are typically needed to meet regulatory conditions required to operate in a region are commonly known as compliance projects. These projects ensure that the organization adheres to laws, regulations, guidelines, and specifications relevant to its business processes. Compliance projects are essential for maintaining legal operation status and avoiding potential legal penalties. Unlike strategic or operational projects, which might focus on achieving business goals or improving efficiency, compliance projects are mandatory and often instigated by external legal requirements.
Projects that are typically needed to meet regulatory conditions required to operate in a region are compliance projects.