Which one of the following allows the manager to make probability statements with regard to meeting project objectives?
A) Gantt chart.
B) CPM.
C) PERT.
D) Earned-value chart.

Question

Quizplus · Accepted Answer

PERT (Program Evaluation and Review Technique) allows the manager to make probability statements by incorporating three estimates for each activity: optimistic, most likely and pessimistic. With these estimates, PERT calculates the expected duration and variance for each activity, enabling the manager to make probabilistic statements concerning the project's completion date and the probability of meeting project objectives. Gantt charts, CPM (Critical Path Method), and Earned-value charts, do not provide probabilistic statements.

Which One of the Following Allows the Manager to Make