Which component defines the project's objectives clearly?

The Scope Statement is the component that clearly defines the project's objectives. It serves as a foundational document that outlines what the project aims to achieve, including the goals and deliverables required for project success. By detailing the boundaries of the project, the Scope Statement helps stakeholders understand the intended outcomes, the work required, and the limits of the project. This clarity is crucial for ensuring that all team members and stakeholders have a mutual understanding of the project's purpose, which is essential for effective planning and execution.

In contrast, the Gantt Chart is a visual representation of the project schedule that shows tasks, durations, and dependencies but does not necessarily articulate what the project is aiming to achieve. Risk Analysis focuses on identifying potential risks and their impacts on the project, rather than defining objectives. The Cost Breakdown Structure provides a detailed hierarchy of project costs but does not directly outline project objectives. Each of these components plays a vital role in project planning, but none provide the clear articulation of objectives that the Scope Statement does.