QUESTION $20$

In project management using PERT or CPM the critical path is:

the path in the network with the shortest completion time

the path in the network with the longest completion time

the path with the smallest variance

the path with the largest variance

QUESTION $21$

The additional increase in expected value that is due to having a perfect forecast of the future is called

the expected value with perfect information.

the expected value of perfect information.

the expected utility.

the expected increase in value.