A state grant caps a civic center remodel at a hard dollar ceiling and requires the facility to open by a fixed date. How should those limits be labeled?
Select an answer to reveal the explanation.
Short Explanation
A hard dollar ceiling and a fixed open-by date are walls around the work—constraints. They are not “maybe” risks or hopeful assumptions; they are limits already written into the deal.
Full Explanation
Constraints are limiting factors already imposed on the project, such as a grant’s maximum budget and mandatory open-by date. Risks describe uncertain future events; assumptions are unverified beliefs; issues are current problems. Grant paperwork documenting limits does not by itself constitute a realized issue.