Question: The Program Evaluation Review Technique (PERT) and critical path method (CPM) are very popular project management techniques and offer many great advantages that include which

The Program Evaluation Review Technique (PERT) and critical path method (CPM) are very popular project management techniques and offer many great advantages that include which of the following? Projects are represented in a hierarchical way, and events are shown in some form of chronology. The CPM is a great tool for analysis and management of resource scheduling. The PERT is a great tool for analysis and management of resource scheduling. These techniques help identify the slack path, which is very important because any delay along this part will cause delay for the whole project

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!

A [40 MARKS] Read the following case study and answer ALL the questions that follow. CASE STUDY: The Case of the Never Ending Scope Creep In 1999, the XY Department of the Federal Government reviewed...

Solve all Question 1. What is the primary goal of operations management? a) Maximize Profit b) Minimize Cost c) Effective Utilization of Resources d) All of the above e) None of the above 2. Which is...

manufacturing car windscreen. 1 . 2 Program evaluation and review technique ( PERT ) and Critical path method ( CPM ) assist managers to schedule, monitor, and control large complex projects. Discuss...

help me please question 1 Time Value of Money - A key financial principle stating that a dollar today is worth more than a dollar tomorrow. The present value of money is the value today of a cash...

The Program Evaluation and Review Technique (PERT) and the Critical Path Method (CPM) are both valuable project management tools, but they differ in key ways. The primary distinction lies in how they...

Help with the summary of the following: Key Performance Indicators(KPIs) are quantifiable measures of how well a project is performing in relation to its objectives (Kerzner, 2017). Essentially, they...

Please let me know the most important three points of the article why should you share with someone ? The Evolution of Project Management By Sandro Azzopardi | 11 minute read White pawn with queen's...

Project Management Objective There are three phases in the management of complex IT projects: planning, scheduling and controlling. This exercise focuses on the first two phases. In particular, we...

MGT4104 Project Management Fundamentals Quiz 1: Orientation and Introduction to PM Question 1 0 / 1 point The pillars of project management are: a) Delivering a project on time and within budget b)...

Discuss the goals of NAFTA and the means it uses to achieve these goals.

FAO has implemented an array of tools to support policy analyses and assess the impact of COVID-19 on food and agriculture, value chains, food prices, food security across the globe. Discuss in...

The three factors identified by Fama and French that appear to determine expected returns are: Multiple choice question. alpha factor, beta factor, gamma factor market factor, size factor,book - to -...

What is SQL DROP TABLE Statement??