​The Main Difference Between CPM and PERT Is

question 50

Multiple Choice

​The main difference between CPM and PERT is

• A) ​the use of different activity time estimates.
• B) ​PERT analysis is less expensive to conduct.
• C) ​PERT lends itself to computerization while CPM networks must be constructed manually.
• D) ​CPM integrates time and cost performance while PERT is based solely on time performance.

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Definitions:

Exploration Phase

The period in the development of a mining, oil, or gas project focused on discovering and determining the size and quality of a mineral or hydrocarbon deposit.

Development Phase

A stage in the business cycle or project where new products, ideas, or projects are being developed, prior to commercial production or sale.

Exploration and Evaluation

Activities related to the search for mineral resources, including minerals, oil, natural gas, and similar non-regenerative resources after the entity has obtained rights to explore in a specific area.

Extraction

The process of removing natural resources from the earth, such as mining for minerals or drilling for oil, which can have significant accounting and environmental implications.