Examlex
Diverse opinions within a group make it impossible to problem solve.
PERT
An acronym for Program Evaluation and Review Technique, a statistical tool used in project management, designed to analyze and represent the tasks involved in completing a given project.
Pareto Analysis
A method used in quality control and business to identify the few critical causes that account for most of an effect, enabling prioritization of effort.
Project Life Cycle
The series of phases that a project goes through from its initiation to its closure.
Variable Costs
Expenses that vary directly with the level of production or output, such as materials and labor costs.
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