Final answer:
The statement False is the correct answer. Iterative project life cycles involve repetitive cycles where designs are developed, prototyped, evaluated, and changes are made based on the improved understanding.
Step-by-step explanation:
The statement False is the correct answer. Iterative project life cycles are not highly structured and predictable. Instead, they involve repetitive cycles where designs are developed, prototyped, evaluated, and changes are made based on the improved understanding.