Section-I State whether the following statements are True or False. PERT is a pr

Question

Section-I State whether the following statements are True or False. PERT is a probabilistic technique in quantitative analysis. Resource leveling is the process of smoothing out the utilization of resources in a project. Gantt chart and PERT diagram provide the same information just in different formats. False The solution and inference of the simulation are usually transferable to other problems. Monte Carlo method is applied when a system contains elements that exhibit chance in their behavior.

Explanation / Answer

1.PERT is a probabilistic technique in quantitative analysis. True

(PERT stands for Probabilistic Evaluation and Review Technique)

2.Resource leveling is the process of smoothing out the utilization of resources in a project. False

(resource leveling A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply)

3.Gantt chart and PERT diagram provide the same information just in different formats. False

(No it is not)

4.The solution and inference of the simulation are usually transferable to other problems. False

(Each simulation model is unique. Its solutions and inferences are not usually transferable to other problems)

5.Monte Carlo method is applied when a system contains elements that exhibit chance in their behavior. True

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