Question
Download Solution PDFWhich one of the following statements is correct?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:
Programme Evaluation and Review Technique (PERT):
- Pert was developed by the U.S. Navy during the late 1950s to accelerate the development of the Polaris Fleet Ballistic Missile.
- PERT, is an abbreviated form that stands for, Programme Evaluation and Review Technique and is used for planning, scheduling, and monitoring the project.
- Development of this weapon involved the coordination of the work of private contractors, a management consulting firm, and the Lockheed Missile System Division.
- In PERT three time estimates are made.
- PERT follows the probabilistic approach and absorbs the uncertainties into the time estimates for activity and project durations.
- The time estimate of activity has a greater range of variation and hence greater uncertainty, therefore probabilistic approach is used.
- In PERT time is directly proportional to time hence minimum cost will be achieved corresponding to minimum completion time.
- PERT is suitable for new projects.
- In PERT each activity follows β distribution.
Hence option (2) is the correct answer.
Last updated on Jul 2, 2025
-> ESE Mains 2025 exam date has been released. As per the schedule, UPSC IES Mains exam 2025 will be conducted on August 10.
-> UPSC ESE result 2025 has been released. Candidates can download the ESE prelims result PDF from here.
-> UPSC ESE admit card 2025 for the prelims exam has been released.
-> The UPSC IES Prelims 2025 will be held on 8th June 2025.
-> The selection process includes a Prelims and a Mains Examination, followed by a Personality Test/Interview.
-> Candidates should attempt the UPSC IES mock tests to increase their efficiency. The UPSC IES previous year papers can be downloaded here.