Question: The difference between calculating project time estimates using the PERT method vs the Critical Path Method ( CPM ) is PERT's activity time estimates are

The difference between calculating project time estimates using the PERT method vs the Critical Path Method (CPM) is
PERT's activity time estimates are certain, with no variability
CPM uses a probability distribution for activity times to allow for variability
PERT uses a deterministic distribution for activity times to allow for variability
PERT uses a probability distribution for activity times to allow for variability
The difference between calculating project time estimates using the PERT method

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:

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

Q:

Prepared by Gilberto Clavell Page 1 CHAPTER 3 PROJECT MANAGEMENT Chapter Abstract; The Project Manager is responsible for everything that is required to make the project a success - whether directly...

Q:

Slack time in a network is the(Points : 1) amount of time that an activity would take assuming very unfavorable conditions. shortest amount of time that could be required to complete the activity....

Q:

In 1 9 5 8 the Special Office of the Navy and the Booze, Allen, and Hamilton consulting firm developed PERT ( program evaluation and review technique ) to schedule the more than 3 , 3 0 0 contractors...

Q:

08:03 0 OSA Jul23_PGD... NO Vo 4G+ LTE 404 SECTION A Read the article below and answer ALL the questions that follow. [40 MARKS] A robust scheduling for the multi-mode project scheduling problem with...

Q:

Read the article below and answer ALL the questions that follow. A robust scheduling for the multi - mode project scheduling problem with a given deadline under uncertainty of activity duration....

Q:

Read the article below and answer ALL the questions that follow. A robust scheduling for the multi - mode project scheduling problem with a given deadline under uncertainty of activity duration....

Q:

2. Calculating Expected Time Durations s o PERT (Program Evaluation Review Technique) Building on WBS, determine time duration for each task. PERT uses optimistic, pessimistic and realistic time...

Q:

The project manager seemed dissatisfied with the critical path method (CPM) and decided to calculate the schedule using the Program Evaluation Review Technique (PERT). All duration in weeks. Your...

Q:

Question 1 to 4.pdf X + X C File | C:/Users/Shayan/Downloads/Question%201%20to%204.pdf Sign in . . . | | V Draw ~ 2 | | Read aloud - + 2 1 of 6 | 2 | ED Goodman & Goodman, a CPA firm, has audited...

Q:

Nestl reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). If Nestl purchased 13,860 (in millions of Swiss...

Q:

Consider the running times of selected films from a video library as shown in Table 4.3.10. a. Find the average running time. b. Find the median running time. c. Which is larger, the average or the...

Q:

The Dow Jones Industrial Average ( DJIA ) includes Group of answer choices 5 0 0 firms that are the largest as ranked by Fortune Magazine . 3 0 of the largest ( market capitalization ) and most...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...