A. The prevailing wage rate is the basic hourly rate paid on public works projects to a majority of workers engaged in a particular craft, classification or type of work within the locality and in the nearest labor market area (if a majority of such workers are paid at a single rate).. The prevailing wage rate is the basic hourly rate paid on public works projects to a majority of workers engaged in a particular craft, classification or type of work within the locality and in the nearest labor market area (if a majority of such workers are paid at a single rate).
The Purpose Of Project Management And Setting Objectives. Project Management has developed in order to plan, co-ordinate and control the complex and diverse activities of modern industrial and commercial projects. All projects share one common characteristic - the projection of ideas and activities into new endeavours.
Projects take time and resources to complete. We all know that time and resources are limited. The purpose of project portfolio management (PPM) is to not succumb to the unrealistic expectation that every initiative that is presented to the company can be undertaken. There are a lot of reasons why projects that may not be in the overall best interest of the company are under consideration.