What can be inferred from a memo noting the project was completed on time and under budget?

• A. The project lacked quality control.
• B. The team managed scope, cost, and schedule well.
• C. The project was behind schedule but under budget.
• D. The project had no stakeholders.

Answer: (B)

This question tests how to read a project status in terms of the three main constraints: schedule, cost, and scope. When a memo says the project was completed on time and under budget, it signals the team kept the schedule under control and spent less than planned, which often means the scope was managed to stay within the defined boundaries. In other words, the team effectively balanced timing and finances, aligning them with the project’s original plan.

This doesn’t imply anything about quality control or stakeholder presence by itself, and it contradicts the idea of being behind schedule. So the best takeaway is that the team managed the schedule, budget, and, by extension, the scope well.