Question: Management While managing projects, Project Managers use a range of tools including Gantt chart, CPM and PERT. (a) Explain the rationale behind using PERT in

Management While managing projects, Project

Management

While managing projects, Project Managers use a range of tools including Gantt chart, CPM and PERT. (a) Explain the rationale behind using PERT in contrast to CPM. (5 marks] (b) If the variance of activities in the project is of the order of 5% of the normal duration time, what will be the probability of completion of the project in 600 hrs? Assume project completion time is normally distributed. [12 marks] (c) For the project in the case study, briefly explain the risks involved while crashing activities. [8 marks]

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