Question: You wanted to make a cost estimate to evaluate different solution alternatives in the business analysis study of CS&NA company. First, you determined the activities

You wanted to make a cost estimate to evaluate different solution alternatives in the business analysis study of CS&NA company. First, you determined the activities you will perform for each solution alternative and classified these activities according to the effort they require. By estimating the maximum and minimum values of variables such as time, cost, and required resources for each activity, you have an idea about the minimum and maximum total cost value for each solution alternative. Which technique did you use? 

Step by Step Solution

3.38 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The technique you used is most likely PERT Program Evaluation and Review Technique Heres why Activit... View full answer

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!