Question: The fundamental difference between PERT and CPM is that PERTSelect one: A . employs three time estimates for each activity B . monitors project resources,

The fundamental difference between PERT and CPM is that PERTSelect one: A. employs three time estimates for each activity B. monitors project resources, costs, quality and budgets C. divides the project into more detailed components D. identifies project bottlenecks

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:

Looking at types of networks, what type tends to be used for R & D projects where the risks in calculating time durations have a high variability? Select one: CPM Gantt PDM ADM PERT Clear my...

Q:

1) Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. A) True B) False 2) Which of the following are the primary...

Q:

1. Which one of the following statements is TRUE? A. Current challenges in operations management include increased communication cost. B. Mass customization is the ability of the organization to be...

Q:

6) The main difference between PERT and CPM is that: A) PERT is more accurate than CPM. B) PERT assumes that activity durations are known. C) PERT ignores activity costs. D) PERT employs three time...

Q:

Answer all parts of the question Question 1: Green Sustainable Finance LLC is based in the U.S. with two subsidiaries, one locnted in the UK, and other in Norway. The U.S dollar has been depreciating...

Q:

11) Ethical issues that may arise in projects large and small include: A) gifts from contractors. B) exaggerated expense reports. C) compromised quality standards to meet bonuses or avoid penalties...

Q:

The "make-or-buy" decision distinguishes between what an organization chooses to produce and what it chooses to purchase from suppliers. True False 2- Shortening the project's duration by deleting...

Q:

PERT ( Program Evaluation and Review Technique ) and CPM ( Critical Path Method ) are very similar approaches to project management. The main difference is that CPM only uses one time factor per...

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:

1.Which of the following activities does NOT occur during the planning stage of a project? Establish the end product or service Estimate total resources and time required Decide on the form of...

Q:

Use the following information and assume all else is equal: SPY: $414 Call: $1.20 Delta: 0.65 Gamma: 0.10 Speed: .03 What would the approximate value of the option be if SPY went up $2? What would...

Q:

Eyeglass lenses can be thought of as very wide parabolic curves. If the focus occurs 2 centimeters from the center of the lens and the lens at its opening is 5 centimeters, find an equation that...

Q:

If an induatrial firm unes the unit - - of - prodiction method for computing depreclation on its only plant aswet, factory machineng the credi to acoumblated deperciation from period to period during...

Q:

Premise: Using a dictionary and list, create a set of key / value pairs that consists of a musical database. The key / value pairs should consist of Artist Name: Song Names pattern. For example, EACH...