Final answer:
The first stage in the Project Life Cycle is indeed the Concept stage, marked by the exploration of possibilities and selection of a design concept. This stage forms the foundation for the design process and significantly impacts the project's success.
Step-by-step explanation:
The concept stage is crucial as it entails exploring possibilities and selecting a suitable design. During this stage, various design concepts are scrutinized to understand their characteristics and viability. For instance, if we consider a solar-powered bicycle design concept, the team would evaluate its functionality, cost, target market, and feasibility.
Furthermore, this stage provides the foundation for subsequent development. A well-thought-out concept stage often leads to a refined and robust design process, which is essential for the success of any project.
The development stage that follows involves creating a detailed design from the initial concept. It's a time-consuming process that greatly influences the project's outcome. A poor detailed design can indeed jeopardize an initially good design concept, highlighting the importance of thoroughness during the concept stage.
Therefore, The statement that the first stage in the Project Life Cycle is the Concept stage is true.