A CPM family includes A. CPA (Critical Path Analysis) B. CPP (Critical Path Plotted) C. MCE (Minimum Cost Expenditure) D. All the above

CPA (Critical Path Analysis)
CPP (Critical Path Plotted)
MCE (Minimum Cost Expenditure)
All the above

The correct answer is D. All the above.

A CPM family includes CPA (Critical Path Analysis), CPP (Critical Path Plotted), and MCE (Minimum Cost Expenditure).

CPA is a project management technique used to analyze and plan the scheduling of a project. It is a network diagramming technique that shows the sequence of tasks required to complete a project and the dependencies between those tasks.

CPP is a graphical representation of the critical path in a CPM network. The critical path is the longest path through the network, and it determines the shortest possible time to complete the project.

MCE is a technique used to minimize the cost of completing a project. It involves identifying the critical path and then scheduling the tasks on that path so that they are completed at the lowest possible cost.

CPM is a valuable tool for project managers because it can help them to:

  • Identify the critical path and the tasks that must be completed on time to avoid delays
  • Estimate the time and cost required to complete the project
  • Identify and manage risks
  • Monitor progress and make adjustments as needed

CPM is a complex technique, but it can be very helpful for managing complex projects.

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