What is the correct status of the project if Criteria A is NOT OK, Criteria B is NOT OK, and Criteria C is OK?

When evaluating the status of the project based on the given criteria, it is clear that multiple issues exist. Specifically, Criteria A and B are not acceptable, indicating significant concerns that could impact the project's success. Although Criteria C is met, the failures in the other two critical areas highlight major problems.

The essence of project assessment lies in identifying how many criteria are met versus how many have issues. In this scenario, since two out of three criteria do not pass, it's reasonable to conclude that there are major issues at play that could affect the overall project performance and outcomes. This situation underscores the seriousness of the setbacks encountered, making it critical to address the failures in Criteria A and B to move forward effectively.

Recognizing the importance of evaluating criteria provides a framework for making informed decisions about project health and necessary corrective actions. Thus, the status reflects a comprehensive view of the project's challenges.