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ICBB Exam - Question 74


Which of the following tools incorporates statistical analysis in determining time estimates?

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Correct Answer: C

PERT (Program Evaluation Review Technique) incorporates statistical analysis in determining time estimates. It uses three different time estimates for activities: optimistic, most likely, and pessimistic. This helps in accounting for uncertainties in project scheduling and provides a more realistic timeline.

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InvisibleBeingOption: C
Jun 10, 2023

A PERT chart is a network diagram that allows project managers to create project schedules. They’re used in the Program Evaluation Review Technique (PERT) to represent a project timeline, estimate the duration of tasks, identify task dependencies and find the critical path of a project. PERT (Program Evaluation Review Technique) charts are used by project managers to create realistic schedules by coordinating tasks and estimating their duration by assigning three time estimates for each; optimistic, most likely and pessimistic. This makes PERT charts useful when planning projects where the duration of activities is uncertain.