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What is an accurate difference between the Program Evaluation and Review Technique (PERT) and critical path method (CPM)?Group of answer choicesPERT uses different duration estimates whereas CPM uses one specific duration estimate.CPM involves more work than PERT because it requires several duration estimates.CPM addresses the risk associated with duration estimates whereas PERT does not.Unlike CPM, PERT estimates only when there is no risk of uncertainty.

Question

What is an accurate difference between the Program Evaluation and Review Technique (PERT) and critical path method (CPM)?Group of answer choicesPERT uses different duration estimates whereas CPM uses one specific duration estimate.CPM involves more work than PERT because it requires several duration estimates.CPM addresses the risk associated with duration estimates whereas PERT does not.Unlike CPM, PERT estimates only when there is no risk of uncertainty.

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Solution

The accurate difference between the Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM) is that PERT uses different duration estimates whereas CPM uses one specific duration estimate.

Here's a step-by-step explanation:

  1. PERT: This is a project management tool used to schedule, organize, and coordinate tasks within a project. It is particularly useful in cases where the project is complex and uncertain. PERT uses three time estimates for each activity: optimistic, most likely, and pessimistic. This allows for a range of durations for each activity, which can help account for uncertainty and risk.

  2. CPM: This is another project management tool that lists all tasks required to complete a project, the time that each task will take, and the dependencies between tasks. Unlike PERT, CPM uses only one specific duration estimate for each activity. This makes it more straightforward but less flexible in dealing with uncertainty and risk.

So, the main difference between the two methods is how they estimate the duration of project activities. PERT uses a range of estimates to account for uncertainty, while CPM uses a single, specific estimate.

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Similar Questions

A list of differences between PERT and CPM is given below. Choose the option that is incorrectly matched with either PERT or CPM. CPM categorises activities into critical and non-critical activities whereas PERT does not.In PERT, the duration of activities is accurate and definite whereas in CPM it is not.PERT is a probabilistic management tool whereas CPM is a deterministic management tool. PERT is suitable for defense and R&D projects where activity time cannot be reliably predicted whereas CPM is suitable for problems in industrial settings, plant maintenance and civil construction projects.

In a CPM/PERT network the critical path is the:Group of answer choicesshortest (duration) path through the network.lowest path through the network.highest path through the network.longest (duration) path through the network.

In the Program Evaluation and Review Technique (PERT), the ________ determines the minimum amount of time in which a process can be completed.Multiple Choicesequencepredecessor eventjob scopecritical path

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What is the full form of PERT?a.Project evaluation and review techniqueb.Programme evaluation and review technique.c.Problem evaluation and review techniqued.Project evaluation and revision technique

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