This is the Expected Completion Time formula: (4a+m+4b)/6 True False TERM 34 The PERT chart is a deterministic project management tool: True False TERM 35 The Gantt chart is a probabilistic project management tool: True False TERM Planning, directing, and controlling resources (people, equipment, material) to meet the technical, cost, and time constraints of the project are the key responsibility of the "Project Management Function": True False TERM 25 The path that consists of steps that maximize the aggregate slack time is called the "Critical Path": True False TERM 26 A hierarchical listing of what must be done (activities) during a project is called the "Work Breakdown Structure": True False TERM An activity that must be completed immediately before the next activity can start is called a "Predecessor": True False TERM 28 A "PERT" chart is the same as the "Gantt" chart, just the name is different: True False TERM 29 An expected duration of each activity included in the Work Breakdown Structure (WBS) is called the "Activity Expected Completion Time": True False TERM The movement of materials, services, funds, and information in a supply chain is a part of the overarching function of "Supply Logistics": True False TERM 31 The "Project Variance" is the sum of individual variances of activities that are on the critical path: True False TERM 32 The "Project Standard Deviation" is the negative square root of the project variance: True False TERM