PERT stands for 'Program Evaluation Review Technique' that can be used for:

Correct option is D

PERT (Program Evaluation Review Technique) is a statistical tool used in project management that is designed to analyze and represent the tasks involved in completing a given project. The primary purpose of PERT is to schedule, organize, and coordinate tasks within a project. It helps in setting a realistic timetable for project completion by identifying the time required to complete each task and the minimum time needed for the entire project.
Information Booster:
1. Critical Path Method (CPM): Similar to PERT, CPM is used to determine the longest stretch of dependent activities and measure the time required to complete them.
2. Milestone Chart: A tool used in project management to mark specific points along a project timeline.
3. Gantt Chart: A type of bar chart that illustrates a project schedule.
4. Work Breakdown Structure (WBS): A method to break down a project into smaller, more manageable components.
5. Slack Time: The amount of time that a task can be delayed without causing a delay to subsequent tasks or the project completion date.
6. Resource Allocation: The process of assigning and managing assets in a manner that supports the project's objectives.
Additional Information:
· Set aims for the next project (a): Refers to planning and setting goals for future projects, which is a preparatory phase rather than a scheduling tool.
· Set aims to attain funding (b): Involves preparing a financial plan to secure the necessary funds for the project.
· Set individual mark for optimal credit (c): Related to performance evaluation and credit allocation among team members.