This is a tough one. I'm debating between "Manage by exception" and "Manage by stages". I'll have to re-read the question and options a few times to decide.
Okay, I think I've got it. The key is that the statement mentions "delegated authority", which suggests the "Manage by exception" principle where managers only get involved when things fall outside of predefined limits.
This one seems straightforward. The statement talks about defining tolerances for project objectives, which sounds like the "Manage by exception" principle to me.
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