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CPM and PERT in Project Management
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CPM and PERT in Project Management

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@SelfSufficiencyConflict

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Questions and Answers

What is the formula to calculate the expected time to completion in PERT?

  • o+2m+p/3
  • o+4m+p/6 (correct)
  • o+3m+p/4
  • o+m+p/3

    • What is the main reason for the variance in the estimates provided by experts in PERT?

  • Lack of good evidence
  • Contrary evidence
  • Many parameters to consider
  • All of the above (correct)

    • What is the purpose of computing the probability factor, Z, in PERT?

  • To extract the probability from standard normal tables (correct)
  • To calculate the expected time to completion
  • To determine the variance of each activity
  • To determine the critical path

    • What is the formula to calculate the variance of each activity in PERT?

    <p>(p-o)^2/6</p> Signup and view all the answers

    What is the purpose of identifying the critical path in PERT?

    <p>To determine the expected time to completion</p> Signup and view all the answers

    What is the primary characteristic of liabilities?

    <p>They are amounts owed consequent to completed transactions</p> Signup and view all the answers

    What is the main purpose of shareholder's funds?

    <p>To provide a source of funding for the business</p> Signup and view all the answers

    What is the relationship between short-term and long-term liabilities?

    <p>Long-term liabilities eventually become short-term liabilities</p> Signup and view all the answers

    What is the purpose of technical reserves?

    <p>To revalue assets to their market value</p> Signup and view all the answers

    What is the correct formula for calculating shareholder's funds?

    <p>Assets - Liabilities</p> Signup and view all the answers

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