Answer: D- All of the above.
Probabilistic time for completion of any activity can be found as optimistic time, pessimistic time, and most likely time.
Explanation-
PERT stands for Program Evaluation and Review Technique, and it was designed to meet the needs of projects with unknown time and cost projections.
It takes a probabilistic approach and is hence appropriate for first-time initiatives or projects involving research & development.
Probabilistic time for completion of any activity can be found from optimistic time, pessimistic time, and most likely time.
- The optimistic time estimates the shortest time possible needed to complete the activity.
- The term "most likely time" calculates how long it will take to complete an activity in normal circumstances.
- Pessimistic time calculates the maximum amount of time that could be needed to complete the activity.
☛ Related Questions:
Comments
write a comment