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The End Result of PERT Analysis Is an Estimate of the Total

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The end result of PERT analysis is an estimate of the total cost of completing a project.


Definitions:

Marginal Product

The marginal product is the additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant, in the production process.

Units of Output

The measure of total production or services produced by a company or sector.

Workers

Individuals engaged in any form of employment or labor, including both physical and intellectual efforts, contributing to the production process.

Marginal Product

The additional output generated by employing one more unit of a particular input, keeping other inputs constant.

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