1. The problem asks whether the statement about PERT/CPM and flexibility in project management is true or false. 2. PERT (Program Evaluation Review Technique) and CPM (Critical Path Method) are project management tools used to plan, schedule, and control complex projects. 3. These methods help identify the critical path, which is the sequence of activities that determines the project duration. 4. Activities not on the critical path are called noncritical activities and have slack or float time. 5. Managers can use this slack to replan, reschedule, and reallocate resources without affecting the overall project completion time. 6. This flexibility allows better management of personnel and finances by adjusting noncritical activities. 7. Therefore, the statement is true.