A real estate developer wants to control costs and complete building a new apartment complex on time. The developer will use the ___ quantitative approach.
A) network models
B) inventory analysis
C) queuing theory
D) linear programming
E) mathematical forecasting

Question

Quizplus · Accepted Answer

Network models, such as PERT (Program Evaluation and Review Technique) and CPM (Critical Path Method), are commonly used in project management to control costs and manage time in completing a project. They help identify the critical path of activities that need to be completed in order to stay on schedule and highlight areas where delays may occur. In this case, since the project involves the construction of an apartment complex, the network models would be the most appropriate quantitative approach to use.

A Real Estate Developer Wants to Control Costs and Complete