You are performing a project management audit in your company and find that most of the project plans are neither consistent nor up-to-date.

You are performing a project management audit in your company and find that most of the project plans are neither consistent nor up-to-date.
Which of the following statements is not true?

• Projects should never be executed without a valid, updated and working project plan.
• The project plan is secondary because it is only the results that matters.
• A great deal of effort is required to develop and update a project plan, but the benefits include less pressure on all stakeholders and a resulting product that will satisfy the requirements.
• Poor planning is one of the major reasons for cost and time overruns.