Asked by
JACOB GUZMAN
on Oct 22, 2024
Verified
Which of the following is true of critical path?
A) It is essential to perform what-if calculations under different projected cost and revenue conditions.
B) It acts as the foundation for analysis using financial controls by using the firm's balance sheet and income statement.
C) It automatically orders a fixed number of items every time an inventory level falls to a predetermined point.
D) It represents the quickest time in which the entire project can be finished, assuming everything goes according to schedule and plans.
E) It gives top managers, a fast, but comprehensive view of the business.
Critical Path
In project management, it is the longest sequence of tasks that must be finished on time for the whole project to be completed on schedule.
Quickest Time
The shortest duration within which an action can be completed or a goal can be achieved.
Project Completion
The final stage of project management, signifying that all project objectives have been achieved and all deliverables are formally accepted.
- Absorb the rudimentary concepts of project management and the functionalities of tools like CPM/PERT and Gantt charts.
Verified Answer
JJ
Learning Objectives
- Absorb the rudimentary concepts of project management and the functionalities of tools like CPM/PERT and Gantt charts.