PERT is
* an analytic tool in concept
* limit up of event oriented diagrams
* used for research and development projects
303) PERT is
all of the above.
Related Production and Industrial Engineering MCQ with Answers
all of the above.
CPM is
* synthesising in concepts
* is built of activities oriented programmes
* is, based on one time estimate
all of the above.
A CPM family includes
* CPA (Critical Path Analysis)
* CPP (Critical Path Plotted)
* MCE (Minimum Cost Expenditure)
all of the above.
PERT/CPM, techniques can be used for following
* once through project
* maintenance jobs
* research and development
all of the above
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.