Question

In project management, project data is collected, analyzed, and then transformed into information, which is then communicated and stored in reports.

True/False

Answer 1

Answer:

The statement is: True.

Explanation:

Project management is a tool that companies implement to handle new investments professionally to increase the possibilities of success. The project management process implies gathering all the data available to find out if the investment is necessary and if it is likely to work. The information obtained is then filed for future reference so it can be compared with other similar projects.