A classic early warning sign of project failure is the realization that a product being developed was targeting a market that few new products and firms were entering.

Question

Quizplus · Accepted Answer

This statement is true. If few new products and firms are entering a market, it may be an indication that there is not enough demand or that the market is saturated, making it difficult for a new product to succeed. This can lead to project failure if the product being developed is not meeting the needs or wants of the target market.

A Classic Early Warning Sign of Project Failure Is the Realization