PERT
- Provides an approach for keeping planning up-to-date
- Provides a way for management to require that planning be done on a uniform and logical basis
- Permits management to foresee quickly the impact of variations from the plan
44) P E R T
Answer is:
all of the above
Explanation:
Related Industrial Engineering MCQ with Answers
Answer is:
Critical Path Method
Explanation:
CPM stands for Critical Path Method.
Answer is:
all of these
Explanation:
PERT analysis is based on
1) Optimistic time
2) Pessimistic time
3) Most Likely Time
1)Optimistic time: This is a best-case scenario. Here the estimate is determined by considering all favorable conditions. This is the shortest duration to complete the task.
2)Pessimistic time: This is a worst-case scenario. Here the estimate is determined by considering all unfavorable conditions; the longest time the activity may take to complete.
3)Most Likely Time: The cost/duration of the activity, based on a realistic effort assessment for the required work and any predicted expenses. The chance of completing an activity is highest within this duration.