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.
What are project objectives in project management? Project objectives are goals, plain and simple. These are the business objectives that you want the project to accomplish. Within project management, it is of utmost importance that a projectâs objectives are stated clearly as these will impact every decision in the project lifecycle. Project objectives must be measurable and contain key performance indicators that will be used to assess a projectâs success.