What role does CPM play in the theory of PERT? How is the latest allowable time related

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What role does CPM play in the theory of PERT? How is the “‘latest allowable time’’ related to CPM?

Why is probability used in developing the PERT network? Describe the algebraic formula used for computing the expected elapsed time.

How is ‘‘slack time’’ related to the ‘latest allowable time,”’ the “‘earliest expected completion time,’’ and the “‘critical path’’? 259

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Cost Accounting Concepts And Applications For Managerial Decision Making

ISBN: 9780070103108

2nd Edition

Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg

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