Which of the following statements regarding PERT times is true? Pessimistic time estimate is an estimate of the minimum time an activity will require Optimistic time estimate is an estimate of the minimum time an activity will require Most likely time estimate is an estimate of the maximum time an activity will require Optimistic time estimate is an estimate of the maximum time an activity will require

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter5: Network Models
Section: Chapter Questions
Problem 1C
icon
Related questions
Question
Question 12
Which of the following statements regarding PERT times is true?
Pessimistic time estimate is an estimate of the minimum time an activity will require
Optimistic time estimate is an estimate of the minimum time an activity will require
Most likely time estimate is an estimate of the maximum time an activity will require
Optimistic time estimate is an estimate of the maximum time an activity will require
Transcribed Image Text:Question 12 Which of the following statements regarding PERT times is true? Pessimistic time estimate is an estimate of the minimum time an activity will require Optimistic time estimate is an estimate of the minimum time an activity will require Most likely time estimate is an estimate of the maximum time an activity will require Optimistic time estimate is an estimate of the maximum time an activity will require
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Production Plant
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,