22. Which technique includes a three-point estimate-optimistic, most likely and pessimistic? a) Work base structure (WBS) b) Program evaluation and review technique (PERT) c) Product breakdown structure (PBS) d) Gantt Chart 23. When comparing PERT to Critical path method (CPM), we can say that ... a) PERT is probabilistic and CPM is deterministic. b) CPM is probabilistic and PERT is deterministic. c) Both can be deterministic or probabilistic, depending on their use. d) Neither one is probabilistic or deterministic. 24. Due to precise planning, frequent monitoring is not necessarily in project management. a) True b) False 25. Which of the following statements on resource allocation is not true? a) Resource allocation does consider time. b) Resource allocation is done at the activity level. c) Resource allocation is evaluated only in terms of meeting milestones. d) Research allocation determines the best arrangement of available resources. 26. The Panama Canal project (1880-1914) was considered an engineering marvel at a time. The project was completed two years ahead of time, but it also cost several thousands of workers lives. This project can therefore be viewed as an unqualified success. a) True b) False