The First Step in the Development of a PERT Chart

question 50

Multiple Choice

The first step in the development of a PERT chart is

• A) assigning an estimated cost to each task.
• B) analyzing the tasks and determining the sequence in which they must be performed.
• C) estimating the time needed to complete each task.
• D) identifying the probabilities that each step in the project can be successfully completed without exceeding the estimated cost.

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Definitions:

Economic Production

The process of creating goods and services through the combination of labor, capital, and resources to meet consumer demand and generate wealth.

Global Reporting Initiative

Promotes environmental, economic and social responsibility.

Environmental Responsibility

The duty that individuals and organizations have to act in ways that protect and benefit the environment.

Economic Responsibility

denotes a company's or individual's obligation to make decisions that positively impact the economic well-being of society, including prudent use of resources and fair economic practices.