Final answer:
The statement regarding projects having events, or milestones, is true. Milestones are critical checkpoints that signify important achievements and guide the project's progress and success. Missing milestones can have severe consequences, such as project cancellation or loss of revenue.
Step-by-step explanation:
The statement that every project has events, or milestones, is true. In the context of project management, especially within the field of engineering, it is essential to recognize that projects consist of various tasks each with their own deadlines. These tasks are often integral steps that contribute to the achievement of critical milestones, such as the completion of important project phases, release of prototypes, or market launches. Missing these milestones can lead to project delays, increased costs, and sometimes even result in the project being canceled. This is underscored by the example of a video game controller design project where missing the milestone of having the product ready for the holiday sales season could result in significant revenue losses for the company. Therefore, recognizing and planning for project milestones is as important as managing individual tasks.