Question: What is the difference between Program evaluation and review technique and Critical path method? They differ in terminology and in the construction of the network.

What is the difference between "Program evaluation and review technique" and
"Critical path method"?
They differ in terminology and in the construction of the network.
PERT ignores activity costs.
PERT assumes that activity durations are known.
CPM assumes that activity durations can vary.
PERT is more accurate than CPM.
What is the difference between "Program evaluation and review technique" and

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:

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...

Q:

Answer The below question from case studies. 1. The steps involved in the construction CPM diagram are Choose as many as applies (Choose 3 steps) A. Assign relationships B. List activities C....

Q:

Read and compare and contrast a PERT network, a CPM network, and a Precedence diagram use terms from the text to help in the support) Over the next two years, at least a couple million people in the...

Q:

4. ($) Lester Harky is a junior analyst working at the Equity Capital Market department in a financial firm. He wishes to apply the Program Evaluation and Review Technique" and "Critical Path Method...

Q:

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...

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:

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:

This task requires candidates to prepare a program evaluation and review technique (PERT) chart and apply critical path method (CPM) techniques. SUBDOMAIN 309.3 - QUANTITATIVE ANALYSIS Competency...

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:

1) According to PMI, after planning schedule management, the next process in project time management is to ___________. a. Sequence activities b. Define activities c. Estimate activity durations d....

Q:

Please I need help urgently in a due time SECTION A 1. Categories of differentiation, inequality, subjugation, and exploitation (gender, class, religion, and ethnicity) have been dominant themes...

Q:

6. Show that Theorem 3.8-1 defines an isometric bijection T: H H', z f = (, z) which is not linear but conjugate linear, that is, az + Bu+ f, + Bf.. 7. Show that the dual space H' of a Hilbert space...

Q:

Work in Process Account Data for Two Months; Cost of Production Reports Filling on April 1 and debits to the account during April were as follows: Bal., 4 0 0 units, 8 0 % completed: Charges to Work...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....