Industrial Engineering and Production Management
An optimum project schedule implies

Lowest possible cost and shortest possible time for project
Optimum utilization of men, machines and materials
To produce best results under given constraints
Timely execution of project

ANSWER DOWNLOAD EXAMIANS APP

Industrial Engineering and Production Management
The basic difference between PERT and CPM is that

Guessed times are used in PERT and evaluated times in CPM
Critical path is determined in PERT only
PERT deals with events and CPM with activities
Costs are considered on CPM only and not in PERT

ANSWER DOWNLOAD EXAMIANS APP