Question : The PERT technique is used for:
Option 1: Budgeting
Option 2: Forecasting
Option 3: Risk assessment
Option 4: Project scheduling
Correct Answer: Project scheduling
Solution : The correct answer is (d) Project scheduling.
The PERT technique is a project management tool that helps in scheduling and coordinating activities within a project. It is particularly useful for projects that involve a high level of complexity and uncertainty. The technique involves breaking down the project into smaller tasks or activities, estimating the time required for each activity, determining the dependencies among activities, and creating a network diagram that shows the logical sequence and interdependencies. PERT allows for the calculation of the project's critical path, which identifies the sequence of activities that must be completed on time to ensure the project's timely completion.
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