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.
48) P.E.R.T analysis is based upon
Answer is:
all of these
Explanation:
Related Industrial Engineering MCQ with Answers
Answer is:
all of these
Explanation:
Probabilistic time for completion of any activity can be found out from
* optimistic time
* pessimistic time
* most likely time
Answer is:
earliest completion time and latest allowable time
Answer is:
earliest start time + duration of activity
Explanation:
Earliest finish time can be regarded as Earliest start time + duration of activity.
Answer is:
It represents a situation where extra resources are available and the completion of project is not delayed
Explanation:
When slack of an activity is positive - it represents a situation where extra resources are available and the completion of the project is not delayed.
When slack of an activity is negative- it represents that a program falls behind schedule and additional resources are required to complete the project in time.
When slack of an activity is zero - the activity is critical and any delay in its performance will delay the completion of the whole project.