Key Terms

project 615

program evaluation and review technique (PERT) 617

critical path method (CPM) 617

project activities 617

precedence relationships 617

activity-on-node 618

critical path 618

probabilistic time estimate 619

deterministic time estimate 619

slack 621

optimistic time estimate 622

most likely time estimate 622

pessimistic time estimate 622

beta probability distribution 622

crashing 631

critical chain approach 634

project buffer 635

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