The Expected Activity Time in PERT Analysis Is Calculated As

question 57

Multiple Choice

The expected activity time in PERT analysis is calculated as:

• A) the simple average of the optimistic, pessimistic, and most likely times.
• B) the weighted average of a, m, and b, with m weighted 4 times as heavily as a and b.
• C) the sum of the optimistic, pessimistic, and most likely times.
• D) the sum of the optimistic, pessimistic, and most likely times, divided by six.
• E) the sum of the activity variances, divided by six.

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Definitions:

Scrap Value

The calculated resale value of an asset at the end of its period of serviceability.

Reworked Cost

The expenses associated with correcting defective products or redoing a production process to meet quality standards after the initial manufacturing effort.

Financial Advantage

A benefit in economic terms that positions an entity in a more favorable financial situation than others.

Surplus Material

Excess materials that are not required for current production needs and may be sold or reused in future projects.