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

The first statement is an assumption—a factor believed to be true without proof, which the project planning relies upon. The second statement is a risk—an uncertain event that may or may not occur but could impact the project if it does. Assumptions are treated as true during planning, while risks require analysis and potential response planning.

**Why not A:** The first statement ("The vendor will deliver hardware by March 15") is not a constraint — it is an assumption because the team is accepting this delivery date as true for planning purposes without certainty. The second statement is not an issue because the regulatory delay has not yet occurred — it is a potential future event (a risk).

**Why not B:** Both statements are not constraints. The first is an assumption (a belief about vendor delivery that may or may not hold), and the second is a risk (an uncertain future event). Constraints are known limiting factors like fixed budgets or deadlines, not uncertain events.

**Why not C:** The first statement is not a risk — it is a planning assumption that the team is treating as fact. While it could become a risk if there is uncertainty about the delivery date, as stated it represents what the team believes will happen. The second statement is correctly identified as a risk, but the first is an assumption.