Consider the following statements:PERT considers the following time estimatesa. Optimistic timeb. Pessimistic timec. Most likely timea)a, b and cb)a and b onlyc)c onlyd)a and c onlyCorrect answer is option 'A'. Can you explain this answer?

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Consider the following statements:

PERT considers the following time estimates

a. Optimistic time

b. Pessimistic time

c. Most likely time

a)
a, b and c
b)
a and b only
c)
c only
d)
a and c only

Correct answer is option 'A'. Can you explain this answer?

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Verified Answer

Consider the following statements:PERT considers the following time es...

PERT (Program Evaluation and Review Technique) uses 3 cases:

Most Optimistic
Most Pessimistic
Most likely durations

PERT determines the probability for each duration, whereas CPM considers the most likely duration.

In the standard PERT analysis, the distribution assumed for the activity times is a Beta distribution.

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Most Upvoted Answer

Consider the following statements:PERT considers the following time es...

PERT (Program Evaluation and Review Technique) uses 3 cases:

Most Optimistic
Most Pessimistic
Most likely durations

PERT determines the probability for each duration, whereas CPM considers the most likely duration.

In the standard PERT analysis, the distribution assumed for the activity times is a Beta distribution.

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Consider the following statements:PERT considers the following time estimatesa. Optimistic timeb. Pessimistic timec. Most likely timea)a, b and cb)a and b onlyc)c onlyd)a and c onlyCorrect answer is option 'A'. Can you explain this answer?

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