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.
3 Purposes of a Business Case. 1  A business case makes sure that a project is moving in a systematic manner. 2  The project manager compares the projectâs initiation and progress with the business case and comes to the conclusion of project meeting up expectations or not.t captures the reasoning for why a project has been initiated and what are the goals behind it. In PRINCE2, business case is one of the seven themes in project management. According to PRINCE2 approach, every project big or small should have a business case.