Multiple choice

Directions: Choose the correct option for the given question:Consider the following statements in respect of PERT.

  1. PERT is a variation of milestone budgeting.
  2. PERT employs probabilistic estimate of time required for completion of an activity.
  3. PERT also includes the transfer of resources for reduction of duration of completion of a project. Which of the statements given above are correct?

  1. (1), (2) and (3)

  2. (1) and (2) only

  3. (2) and (3) only

  4. (1) and (3) only
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

PERT uses probabilistic time estimates to account for uncertainty in project duration. It also allows for resource transfer (crashing) to reduce project completion time. Statement 1 is incorrect because PERT is a network analysis technique, not a variation of milestone budgeting. Therefore only statements 2 and 3 are correct.

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