Which statement best defines the term 'project management'?

It is the organization's process of defining its strategy or direction, and ma decisions on allocating its resources to pursue this strategy.

It is a unique temporary endeavour consisting of planning, organizing, mot and controlling resources to achieve specific goals and meeting specific cri

It defines all company's efforts that relate to capitalize on a product or ser for which they believe there is a demand.

It is a systematic method for elimination of waste within a manufacturing system.

Question $2(0\mathrm{.}5$ points$)$

Which statement best defines the term 'project?

An artifact that is produced, is quantifiable, and can be either an end item i itself or a component item.

A project summarizes the activities associated with an organization's operat procedures.

A temporary endeavor undertaken to create a unique product, service, or re

A project can be anything that an organization undertakes to do$.$

Question $3(0\mathrm{.}5$ points$)$

Select which statement best describes the term 'project manager':

A person who provides the resources needed for a project, program or portf