Question: From a PERT analysis of a construction project Explain the below aspects will assist in terms of limiting and controlling the cost of the project.

From a PERT analysis of a construction project Explain the below aspects will assist in terms of limiting and controlling the cost of the project. There may also be a spill over into looking at more practical aspects as opposed to just the statistical information. Please be imaginative in your answer.

From a PERT analysis of a construction project

Optimistic time Most likely time Pessimistic time Expected activity time Standard deviation Variance

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