CAPM Practice: Demonstrate an understanding of the various project life cycles and processes

The vendor delivery date is an assumption (something believed to be true without proof). Pending legislation is a risk (uncertain event that could impact the project). The $2M budget is a constraint (a limiting factor). Potential labor strikes are a risk (uncertain future event). Issues are current problems, not future uncertainties.

**Why not A:** This option incorrectly classifies the June 1 delivery date as a risk rather than an assumption. The vendor delivery date is something the team believes to be true for planning purposes (an assumption), not an uncertain event. It also misclassifies labor strikes as an issue, when they have not yet occurred and remain a future uncertainty (a risk).

**Why not B:** While this option correctly identifies the first three items, it incorrectly classifies potential labor strikes as an issue. An issue is a current, active problem requiring resolution. Labor strikes that might happen next quarter are a future uncertain event — a risk, not an issue that has already materialized.

**Why not D:** This option incorrectly classifies the June 1 delivery as a constraint and pending legislation as an assumption. The delivery date is assumed (believed true without proof), not a restriction imposed on the project. Pending legislation creates uncertainty about regulatory approval, making it a risk rather than something assumed to be true.