Ask Question
BusinessBusiness
13 August, 21:35

The main difference between CPM and PERT is Group of answer choices

CPM and PERT use different activity time estimates.

PERT analysis is less expensive to conduct.

PERT lends itself to computerization while CPM networks must be constructed manually.

CPM integrates time and cost performance while PERT is based solely on time performance.

+1
Answers (2)
  1. 13 August, 21:48
    0
    Answer: CPM and PERT use different activity time estimates.

    Explanation:

    Program (Project) Management and Review Technique (PERT) is appropriate when the project time needed to complete different activities are unknown while the Critical Path Method or CPM is fitted for recurring projects in nature. PERT deals with activities that are not predictable but CPM deals with repetitive activities. PERT focuses/concentrates on time while CPM focuses on time-cost & trade-off. Also, PERT requires three-time estimate while CPM requires one-time estimate. PERT uses a probabilistic model and on the other hand, CPM uses a deterministic model. In PERT, a technique of planning and controlling time is used but CPM uses a technique to control cost and time.
  2. 13 August, 22:03
    0
    The correct answer is letter "D": CPM integrates time and cost performance while PERT is based solely on time performance.

    Explanation:

    The Project Management and Review Technique also called PERT is used to plan and control the time of uncertain activities during the development of a project. The PERT is an event-oriented technique. The Critical Path Method or CPM is a statistical technique used to control the cost and time of well-defined activities of a project. The CPM is activity-oriented.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The main difference between CPM and PERT is Group of answer choices CPM and PERT use different activity time estimates. PERT analysis is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commission on sales.
Answers (1)
ABC Company has issued 10% cumulative preferred stock. Two years ago, ABC paid a 6% preferred dividend. Last year, ABC paid a 7% preferred dividend. This year, ABC wishes to pay a common dividend. The preferred shareholders must receive: A. 0% B.
Answers (1)
In a diversified company, the strategy-making hierarchy consists of: A. corporate or managerial strategy, a set of business strategies, and divisional strategies within each business. B.
Answers (1)
Curt's Casting manufactures metal parts in a large manufacturing facility. Curt's customers order 52,000 tons of castings each quarter. The facility has a practical capacity of 84,000 tons.
Answers (1)
If the U. S. dollar becomes weaker in international markets, the net effects will include an increase in both short run aggregate supply (SRAS) and aggregate demand. a decrease in short-run aggregate supply (SRAS) and an increase in aggregate demand.
Answers (1)
New Questions in Business
n a company's merit pay program, an individual's compa-ratio represents the individual's pay relative to company's average pay for that position. the individual's worth versus that of others in the organization.
Answers (1)
Some interview questions are designed to rattle you to see how you deal with stress. True or false.
Answers (2)
Organizational culture consists of three levels: Select one: a. assumptions, orientations, and beliefs. b. beliefs, values, and artifacts. c. artifacts, assumptions, and beliefs. d. assumptions, artifacts, and values.
Answers (1)
What term refers to a set amount of money kept in the cash register to make change with? A. Excess cash B. Standard cash stock C. Cash drop D. Cash float
Answers (1)
Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?
Answers (1)
Home » Business » The main difference between CPM and PERT is Group of answer choices CPM and PERT use different activity time estimates. PERT analysis is less expensive to conduct. PERT lends itself to computerization while CPM networks must be constructed manually.
Sign Up Forgot Password?