Which of the following statements (pertaining to CPM network analysis) are correct?
A. It is an event-oriented method.
B. It is an activity-oriented method.
C. Time and cost are controlling factors.
D. Time alone is the controlling factor.
Choose the most appropriate answer from the options given below:
Which of the following statements (pertaining to CPM network analysis) are correct?
A. It is an event-oriented method.
B. It is an activity-oriented method.
C. Time and cost are controlling factors.
D. Time alone is the controlling factor.
Choose the most appropriate answer from the options given below:
Show Hint
- A and B only
- A and D only
- B and C only
- C and D only
The Correct Option is C
Solution and Explanation
Step 1: Distinguishing PERT and CPM.
- PERT (Program Evaluation and Review Technique) is an event-driven methodology, emphasizing project duration uncertainties.
- CPM (Critical Path Method) is an activity-driven methodology, focused on project planning, scheduling, and managing both time and cost.
Step 2: Evaluating each assertion.
- (A) Event-driven → Applicable to PERT, not CPM. Therefore, invalid.
- (B) Activity-driven → Accurate for CPM.
- (C) Time and cost as primary controls → Accurate, as CPM optimizes for both time and cost.
- (D) Time as the sole control → Inaccurate, as CPM integrates both time and cost considerations.
Step 3: Final determination.
Statements B and C are the only valid ones.
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