Question: PERT refers to Program Evaluation and Review Technique, which was developed in the 1 9 5 0 s in order to enable project managers to

PERT refers to Program Evaluation and Review Technique, which was developed in the 1950s in order to enable project managers to estimate the most likely amount of time required to complete a project with an estimated confidence level.
Group of answer choices
True
False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Question 4 PERT refers to Program Evaluation and Review Technique, which was developed in the 1 9 5 0 s in order to enable project managers to estimate the most likely amount of time required to...

Q:

2. What should Dr. Lacy recommend be done to avoid similar problems in the future? Northeast Research Laboratory (B) On a Friday morning in late December 1973, Sam Lacy, head of the Physical Sciences...

Q:

The excel homework assignment below has five tabs that cover five different topics: Net Present Value Analysis, Capital Budgeting and Cost of Capital, Working Capital, Management, Financial Ratio...

Q:

pert refers to program evaluation and review thechnique, which was developed in the 1 9 5 0 s in order to enable project managers to estimate the most likely amount of time required to complete a...

Q:

The component of the project management plan that describes how project costs will be planned, structured and controlled is called the project financial plan. a. True b. False Recurring costs tend to...

Q:

Correct answer: A . Critical Path Method ( CPM ) The Critical Path Method ( CPM ) is a project scheduling technique that prioritizes tasks based on their importance to the project's completion. It...

Q:

Read the Article below "5 Keys to estimating" and submit your summary feedback Abstract In the realm of project management, nothing is more valuable than estimates that accurately reflect reality,...

Q:

Find an example, illustration, or application of this week's topic from any source listed in this week's assignment. Please post your example to the class (roughly 250+ words) and tie it very...

Q:

Hi this is the last multiple choice exam I have and this one only covers 3 chapters so I think it might be shorter Core Concepts of Accounting Information Systems, Canadian Edition Chapter 13-1...

Q:

Earned Value Project Management A Powerful Tool for Software Projects Quentin W. Fleming and Joel M. Koppelman Primavera Systems, Inc. Earned value can provide any project manager with an early...

Q:

Stricker Company accepted a $10,000, 8%, 90-day note dated May 16, from Johnson Corp. as an extension on its past-due account. Prepare the necessary general journal entries in Stricker Company's...

Q:

Manlow Company makes a pasta sauce for the restaurant industry. The standard cost of direct materials and direct labor for one unit of sauce is as follows: STANDARD Manufacturing cost Direct...

Q:

Assume that actual overhead costs were $ 8 7 , 0 0 0 and cverhead allocated to jobs was $ 6 3 , 0 0 0 . The unadjusted balance in Manufacturing Overhead would be A . $ 2 4 , 0 0 0 debit B . $ 1 5 0 ,...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...