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Question:
You are a project manager for an import enterprise, one of your buyers has found a new product that she’s convinced will sell well in this country. Accepting this new product introduces considerable opportunity for the company; but at the same time it can also bring about a considerable threat. The cost of this product are much higher than anything your company has imported before, and unless it sells as well as the buyer expects, the company will go into bankruptcy. You determine that a feasibility study is needed. Which of the following statements is INCORRECT?
A
One of the end results of the feasibility study might be to produce a project charter that will include a description of the intended outcome of the project, a budget, and a detailed project schedule for management review.
explanation
The project charter, which identifies the purpose of the project and the project or product description, includes a summary budget and summary milestone schedule while excludes a detailed project schedule.
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