Examlex
Which of the following statements is correct?
Duration Variance
A measure used in project management to quantify the difference between the planned and actual duration of project activities.
PERT Analysis
Project Evaluation and Review Technique, a statistical tool used in project management designed to analyze and represent the tasks involved in completing a given project, incorporating time estimates for completing each task.
Critical Path
The most extended line of activities within a project's plan that requires punctual completion for the project to finalize on its expected completion date.
Project Scheduling
The process of allocating time to tasks in a project to ensure it is completed within the set timeline, often visualized through tools such as Gantt charts.
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