THEORETICAL QUESTIONS
  1. What is meant by the term 'PERT'?
  2. Distinguish between CPM and PERT.
  3. How is PERT useful?
  4. How can uncertainty be incorporated in PERT model?
  5. Explain the following terms:
    1. Optimistic Time
    2. Expected Time
    3. Activity Variance
    4. Project Variance
    5. Standard Deviation of the project
  6. Name the distribution followed by activity time in PERT Model.

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