Correct option is C
PERT is a statistical tool used in project management to analyze and represent the tasks involved in completing a given project. It is particularly effective for large-scale, one-time projects where the time required to complete various activities is unknown or uncertain.
The core characteristic emphasized in management frameworks is
(c) Objective-based planning for allocation of resources in terms of scheduling and controlling.
Information Booster
·
Objective-Based Planning: Unlike simpler methods, PERT is
event-oriented. It focuses on reaching specific milestones (objectives). The planning process begins with the end goal and maps out every necessary preceding event, ensuring that the entire project structure is built around achieving the final objective.
·
Allocation of Resources: PERT allows managers to identify the "Critical Path." Resources (labor, money, equipment) are then prioritized for activities on this path. If a task has "Slack Time," resources can be diverted from it to more urgent tasks without delaying the final deadline.
·
Scheduling and Controlling:
·
Scheduling: It uses the Three-Point Estimate (Optimistic, Pessimistic, and Most Likely) to create a realistic timeline.
·
Controlling: It provides a baseline to monitor progress. If the "Expected Time" of a critical task deviates during execution, management can take corrective action immediately to maintain "control" over the project.
Additional Knowledge
The strength of PERT lies in its ability to handle
uncertainty. In many professional exams, Option (C) is considered the most comprehensive answer because it covers the full management cycle:
1.
Planning: Establishing the network of events.
2.
Scheduling: Assigning time values to the network.
3.
Allocating: Distributing resources based on the Critical Path.
4.
Controlling: Using the network to ensure the project meets its objective.
Summary Table: The Pillars of PERT
| Element |
Description |
| Events |
Specific points in time (milestones) that mark the start or end of a task. |
| Activities |
The actual work or resources consumed to move from one event to another. |
| Critical Path |
The sequence of stages determining the minimum time needed for an operation. |
| Slack/Float |
The amount of time an activity can be delayed without affecting the project end date. |