week1 Chapter 1 Test 1.A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service. a. True b. False 2.Operations consist of the ongoing work needed to ensure that an organization continues to function effectively. a. True b. False 3.A project manager needs to be concerned with achieving desired scope and quality (often called performance), subject to constraints of time and cost. a. True b. False 4.Many different project life cycle models are used for different types of projects, such as information systems, improvement, research and