PERT Refers to Program Evaluation and Review Technique,which Was Developed

question 32

True/False

PERT refers to Program Evaluation and Review Technique,which was developed in the 1950s to better understand how variability in the individual activity durations impacts the entire project schedule.

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Definitions:

Net Cash Flow

The difference between a company's cash inflows and outflows within a specified period.

Investing Activities

Financial transactions related to the acquisition or disposal of long-term assets and investments, considered part of the cash flow statement.

Equipment Purchase

The acquisition of machinery or office equipment, usually classified as a capital expense, to be used in the operations of a business.

Land Purchase

An acquisition of real estate property involving a one-time payment or installment payments, considered a long-term asset on the balance sheet.