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
A big advantage of PERT over Gantt charts is that in the former case

Activity times are clear
Interrelationship among activities is clearly shown
Early start and late finish of an activity are clearly marked
Activities and events are clearly shown

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