Correct Answer - Option 3 : Event
Event:
(i) An event is either start or completion of an activity.
(ii) Events are significant points in a project which act as control points of the project.
(iii) An event is an instant of time and it does not require time or resources.
Following are examples of an event:
(i) All parts assembled
(ii) A budget prepared
(iii) Construction completed
