Correct option is B
PERT/CPM analysis is a project management technique that is used to plan and control complex projects. It involves the following steps:
1. Identify activities: The first step in PERT/CPM analysis is to identify all the activities that need to be completed to complete the project. Each activity should have a clear description, a unique identifier, and an estimated duration.
2. Sequence activities: The next step is to determine the sequence of activities, which involves identifying the dependencies between the activities. For example, some activities may need to be completed before others can start, while others can be done in parallel.
3. Estimate time: For each activity, estimate the time required to complete it. This should include a best-case estimate, a worst-case estimate, and a most-likely estimate.
4. Construct a network diagram: The network diagram is a graphical representation of the project, showing the activities as nodes and the dependencies as arrows between the nodes. This helps to visualize the project and identify critical paths.
5. Calculate critical path: The critical path is the sequence of activities that will take the longest time to complete and will therefore determine the overall project duration. It is identified by calculating the earliest and latest start and finish times for each activity.
6. Determine Slack: Slack is the amount of time that an activity can be delayed without delaying the entire project. It is calculated by subtracting the earliest start time from the latest start time or the earliest finish time from the latest finish time.
7. Analyze results: Once the network diagram is constructed, and the critical path and slack are calculated, the results can be used to identify potential problems and manage the project effectively. For example, if activity on the critical path is delayed, it will delay the entire project, so steps can be taken to mitigate this risk.
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English
10 Questions
20 Marks
12 Mins
