ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
PERT stands for ____
A
Programme Evaluation and Research Techniques
B
Project Evaluation and Review Techniques.
C
Programme Evaluation and Review Techniques.
D
Project Evaluation and Research Techniques.
Explanation: 

Detailed explanation-1: -PERT stands for Program Evaluation Review Technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program. A similar methodology, the critical path method (CPM) was developed for project management in the private sector at about the same time.

Detailed explanation-2: -PERT stands for program evaluation and review technique. It provides a visual representation of a project’s timeline and breaks down individual tasks. These charts are similar to Gantt charts, but structured differently. This diagram consists of a few steps to get you from a project start date to end date.

Detailed explanation-3: -PERT stands for Program Evaluation and Review Technique and was developed to address the needs of projects for which the time and cost estimates tend to be quite uncertain.

Detailed explanation-4: -Ans-A is the correct answer. PERT full form is Evaluation and Review Techniques for Programs.

Detailed explanation-5: -A program evaluation review technique (PERT) chart is a graphical representation of a project’s timeline that displays all of the individual tasks necessary to complete the project. As a project management tool, the PERT chart is often preferred to the Gantt chart because it identifies task dependencies.

There is 1 question to complete.