INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Continuous Path Method
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Clear Path Method
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Critical Path Method
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Critical Probabilistic Method
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Detailed explanation-1: -The critical path method (CPM) is a technique where you identify tasks that are necessary for project completion and determine scheduling flexibilities. A critical path in project management is the longest sequence of activities that must be finished on time in order for the entire project to be complete.
Detailed explanation-2: -Critical path method is a project planning and management methodology that focuses on activities that control the total duration of a project.
Detailed explanation-3: -CPM or Critical Path Method is appropriate for the projects that are reappearing (recurring) in nature.
Detailed explanation-4: -Explanation: Critical path method (CPM): It is usually used for those projects which are repetitive and where one has prior experience of handling similar projects.
Detailed explanation-5: -The technique is often referred to as PERT/CPM. PERT was developed during the 1950s through the efforts of the US Navy and some of its contractors working on the Polaris missile project.