Industrial Engineering and Production Management
The correct sequence of phases in value engineering is

Creative phase, information phase, investigation phase, evaluation phase
Creative phase, investigation phase, evaluation phase, information phase
Information phase, creative phase, investigation phase, evaluation phase
Investigation phase, information phase, creative phase, evaluation phase

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Industrial Engineering and Production Management
Activity slack or float of any event on a PERT/CPM chart is represented by

Latest start time of succeeding event earliest finish time of preceding event activity time
Anyone of the above
Latest finish time of event earliest finish time of the event
Latest start time of the event earliest start time of the event

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Industrial Engineering and Production Management
The critical path of a network represents

The minimum time required for completion of project
Minimum cost required for completion of project
The maximum time required for completion of project
Maximum cost required for completion of project

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Industrial Engineering and Production Management
PERT

Provides a way for management to require that planning be done on a uniform and logical basis
All of the listed here
Permits management to foresee quickly the impact of variations from the plan
Provides an approach for keeping planning up-to-date

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