Examlex
Laura is carefully estimating the time required for each phase of a proposed system development project to see if her company can meet the client's desired time for completion. Laura is checking on ___________.
Optimistic Time
The “best” activity completion time that could be obtained in a PERT network.
Probable Time
An estimate of the amount of time that might reasonably be expected to be needed to complete a specific task or project.
Expected Activity Time
In project management, it's the best estimate of the time required to complete a task, considering various factors like resources and complications.
PERT Analysis
Program Evaluation and Review Technique (PERT) analysis is a project management tool used to plan, schedule, and control complex activities, focusing on task durations to identify minimum project duration.
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