Early in a project when very little detail is known about a project, it is impractical to render even a rough estimate of the final project cost.

True or False?

The statement is: False.

Explanation:

The main purpose of project planning is determining the cost of handling a business to find out what is the amount of investment needed to keep the business going. Since the beginning, all the efforts of project planning involve coming up with all the factors that could involve offering a good or service and what their costs would be.