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What Are the Advantages of Using PERT and CPM

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What are the advantages of using PERT and CPM?


Definitions:

Option of Partners

The right or ability within a partnership to make decisions or select alternatives regarding the business's operation or structure.

General Partner

In a limited partnership, a partner who assumes responsibility for the management of the partnership and has full liability for all partnership debts.

Limited Partnership

A business structure where at least one partner has unlimited liability and one or more partners have limited liability, limiting their personal risk.

Capital Contributed

The total amount of money and other valuables that shareholders or owners have invested in a company or partnership.

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