The correct answer is:
B. as enterprise environmental factors
Step-by-step explanation:
According to the Project Management Institute (PMI), enterprise environmental factors refer to conditions, not under the immediate control of the team, that influence, constrain, or direct the project. They are considered as input to most processes and can have a positive or negative influence on the outcome. Federal tax regulations are external factors that can impact project costs and are outside the control of the project team, thus they are considered enterprise environmental factors. The company's budgeting cycle is an internal condition that can influence the project planning and execution, and it is also classified as an enterprise environmental factor.
Options A, C, and D do not accurately represent these two aspects. Variable cost factors are costs that change with the level of output, GAAP factors pertain to the principles of accounting, and non-compete factors are related to competition and agreements not to compete. None of these directly relate to the influence of federal tax regulations or a company's budgeting cycle on project budgeting.
the complete Question is given below:
To build a project budget, Liam considers federal tax regulations and his company's budgeting cycle. According to the Project Management Institute, how are those two factors classified?
A. as variable cost factors
B. as enterprise environmental factors
C. as GAAP factors
D. as non-compete factors