Final answer:
The statement that project management is nearly always limited to the private sector because of the profitability motive is false.
Step-by-step explanation:
The statement that project management is nearly always limited to the private sector because of the profitability motive is false.
Project management is a practice that is used in both the private sector and the public sector. While private firms may have a profit motive, a profit motive is not the sole reason for project management. Project management is also commonly used in government agencies, non-profit organizations, and other sectors to ensure the successful completion of projects.
For example, government agencies often use project management to oversee the construction of infrastructure projects such as highways and bridges. Non-profit organizations may use project management to run fundraising campaigns or deliver services to their target population.