(A) the project facing several delays,
(B) it was eventually completed
(C) within the allocated budget
(i) despite
(ii) in spite of
(iii) because
Using (i): Despite the project facing several delays, it was eventually completed within the allocated budget. Using (ii): In spite of the project facing several delays, it was eventually completed within the allocated budget. (iii) "because" implies a cause, which does not fit the context of overcoming delays.
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