Final answer:
The statement is false; the implementation phase, though resource-intensive, is not the last phase of the traditional project life cycle. The final phase is typically the Development of Lessons Learned, following an evaluation after the implementation. Resource allocation is crucial throughout the project, including during the design phases.
Step-by-step explanation:
The statement that the last phase of the traditional project life cycle is the implementation phase that consumes the most resources is false. According to the project life cycle phases provided, the last phase is not implementation, but rather the Development of Lessons Learned. The implementation phase is typically one of the more resource-intensive phases, but it is not positioned at the end of the project life cycle. Instead, the project usually moves into program evaluation and then into developing lessons learned after implementation.
It is also important to note that during the course of a project, other phases like the detailed design development may also consume substantial resources. This highlights the significance of methodical planning and resource allocation to ensure that the project does not suffer from inadequate resources during critical phases.