Final answer:
Each new building constructed by a construction company indeed fits the definition of a project, as it is a unique endeavor with specific objectives, distinct challenges, and allocated resources.
Step-by-step explanation:
Each new building constructed by a construction company does fit the definition of a project because every building is a unique endeavor with a specific set of objectives to be accomplished within certain parameters, such as a defined time frame and budget. This aligns with the Project Management Institute's definition of a project as a temporary endeavor undertaken to create a unique product, service, or result. Therefore, even for a construction company that builds many buildings, each one represents a new project with its challenges, resources, deadlines, and goals.
The statement is true. Even though a construction company may build multiple buildings, each individual building project still fits the definition of a project. A project is a temporary endeavor undertaken to create a unique product, service, or result. Each building the construction company builds would be considered a unique product, and therefore, each building project would meet the definition of a project.