Concerning PERT and CPM

question 14

Multiple Choice

Concerning PERT and CPM

• A)These are two different names for essentially the same technique.
• B)CPM tends to focus more on the critical path; PERT focuses on the parallel paths.
• C)PERT gives a clearer indication of activity slack, while CPM gives a better picture of path slack.
• D)Because of its recent discovery, much less is known about CPM than PERT.
• E)CPM is useful for project manager selection; PERT is useful for project team selection.

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Definitions:

Pay Off

To settle a debt or obligation by making a payment, either in partial settlements or in full, to clear the owed amount.

Car Loan

A car loan is a financial agreement where a lender provides funds to a borrower for the purchase of a vehicle, which is paid back with interest over a set period.

Compounded Monthly

A method of calculating interest where the interest earned is added to the principal each month, and the next month's interest is calculated on this new total.

Interest Rate

The proportion of a total amount of money that is levied for borrowing it, usually stated as an annual rate.