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

This should be an assumption, not a constraint. An assumption is a factor considered true without proof. 'Stable funding' assumes continuity but isn't guaranteed. Assumptions carry inherent uncertainty and should be validated. Constraints are actual limitations (like a fixed budget amount).

**Why not A:** While funding instability could be documented as a risk separately, the item "stable funding for 12 months" as currently stated is not a risk. It expresses a belief about funding continuity that has not been verified, making it an assumption rather than an uncertain event.

**Why not C:** A constraint is a known, fixed limitation such as a specific budget amount or deadline. "Stable funding" is not a fixed limitation but rather a belief about future conditions. A constraint would be "the budget is $500,000" rather than an expectation of funding stability.

**Why not D:** An issue is a current problem requiring immediate resolution. There is no current problem with the funding; the team is simply assuming it will remain stable. Since no actual disruption has occurred, classifying it as an issue is incorrect.