Podcast
Questions and Answers
What is the primary purpose of PERT and CPM in project management?
What is the primary purpose of PERT and CPM in project management?
- To evaluate the project's feasibility
- To allocate resources efficiently
- To assist managers in managing projects (correct)
- To estimate the project budget
What is the main difference between PERT and CPM?
What is the main difference between PERT and CPM?
- PERT is used for research projects, while CPM is used for manufacturing projects
- PERT is used for construction projects, while CPM is used for product development
- PERT has three time estimates, while CPM has a single time estimate (correct)
- PERT is used for small projects, while CPM is used for large projects
What is the first phase of project management?
What is the first phase of project management?
- Planning (correct)
- Scheduling
- Executing
- Controlling
What is the primary goal of project planning?
What is the primary goal of project planning?
What is the main advantage of using PERT and CPM in project management?
What is the main advantage of using PERT and CPM in project management?
Which of the following projects is most likely to use PERT and CPM?
Which of the following projects is most likely to use PERT and CPM?
What is the primary purpose of constructing a network diagram during the planning stage of a project?
What is the primary purpose of constructing a network diagram during the planning stage of a project?
During the scheduling phase, what is the outcome of applying forward and backward pass techniques?
During the scheduling phase, what is the outcome of applying forward and backward pass techniques?
What is the significance of identifying the critical path in a project?
What is the significance of identifying the critical path in a project?
What is the purpose of a dummy activity in a PERT/CPM network?
What is the purpose of a dummy activity in a PERT/CPM network?
What do events represent in a PERT/CPM network?
What do events represent in a PERT/CPM network?
What is the purpose of controlling in a project?
What is the purpose of controlling in a project?
What is the primary purpose of constructing a project network diagram?
What is the primary purpose of constructing a project network diagram?
What is the formula used to calculate the expected time for each activity?
What is the formula used to calculate the expected time for each activity?
What is the purpose of identifying the critical path in a project network?
What is the purpose of identifying the critical path in a project network?
What is the next step after calculating the expected time and variance of each activity?
What is the next step after calculating the expected time and variance of each activity?
What is the probability of completing the project within a given time calculated using?
What is the probability of completing the project within a given time calculated using?
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