Question

Which of the following statements about project classifications is most correct?

a. projects are classified by purpose, such as replacement projects.
b. projects are classified by size, such as less than $1 million.
c. projects are classified by life, such as less than five years.
d. both a and b are correct. all a, b, and c are correct.

Answer 1

The most correct statement about project classifications is option d: both a and b are correct.

Step-by-step explanation:

The most correct statement about project classifications is option d: both a and b are correct.

Projects can be classified by their purpose, such as replacement projects, and they can also be classified by their size, such as less than $1 million. These are two common ways to categorize projects.