network techniques
assignment techniques
project evaluation techniques
All of the above E. None of the above
Answer is Wrong!
Answer is Right!
The correct answer is: D. All of the above
PERT and CPM are both network techniques that are used to plan and manage projects. They are both project evaluation techniques, as
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they help to identify and evaluate the risks and challenges associated with a project.
PERT stands for Program Evaluation and Review Technique. It was developed by the US Navy in the 1950s to help manage the Polaris missile program. PERT is a probabilistic network technique, which means that it takes into account the uncertainty of task durations. This makes it a useful tool for projects with complex or uncertain tasks.
CPM stands for Critical Path Method. It was developed by DuPont in the 1950s to help manage the construction of a chemical plant. CPM is a deterministic network technique, which means that it assumes that task durations are known with certainty. This makes it a useful tool for projects with well-defined tasks.
Both PERT and CPM can be used to create a network diagram, which shows the sequence of tasks in a project and the dependencies between them. The network diagram can then be used to calculate the critical path, which is the longest path through the network. The critical path determines the shortest possible time to complete the project.
PERT and CPM can also be used to calculate the float, which is the amount of time that a task can be delayed without delaying the project. The float can be used to identify tasks that have slack, which means that they can be delayed without impacting the project.
PERT and CPM are both valuable tools for project management. They can help to improve the planning and execution of projects, and they can help to identify and manage risks.