Which of the Following Statements Is False

Which of the following statements is false?

A) Gantt charts and the critical path method are useful project management tools.
B) Budgets can be determined by estimating the likely actual cost of each phase of the project.
C) Budgets can be determined by estimating the amount of time that each phase is likely to take and then applying a standard cost estimate to the hours.
D) Project management is less important when market research is outsourced.
E) A research project that does not take the opportunity to refine itself when it is in progress is almost certain to result in less than optimal value.