DEFINITION OF TERMS :

GIVE THE MEANINGS OF THE FOLLOWING PERT/CPM TERMS:

1. PROJECT EVALUATION & REVIEW TECHNIQUE (PERT): A PROJECT MANAGEMENT

METHOD THAT ANALYZES AND REPRESENTS THE TASKS INVOLVED IN COMPLETING A
PROJECT, EMPHASIZING THE ESTIMATION OF THE TIME REQUIRED TO COMPLETE
EACH TASK.
2. CRITICAL PATH METHOD (CPM): A PROJECT MANAGEMENT METHOD THAT
IDENTIFIES THE CRITICAL PATH IN A PROJECT NETWORK, DETERMINING THE
SEQUENCE OF ACTIVITIES THAT MUST BE COMPLETED ON TIME TO ENSURE THE
OVERALL PROJECT IS COMPLETED WITHIN THE SPECIFIED TIMEFRAME.
3. PROJECT: A TEMPORARY ENDEAVOR WITH A SPECIFIC GOAL, TIMELINE, AND
RESOURCES ALLOCATED TO ACHIEVE A UNIQUE RESULT OR OUTCOME.
4. NETWORK ANALYSIS: THE PROCESS OF ANALYZING AND VISUALLY REPRESENTING
THE RELATIONSHIPS AND DEPENDENCIES AMONG PROJECT ACTIVITIES USING
TECHNIQUES LIKE PERT AND CPM.
5. PRODUCTION MANAGEMENT: THE PROCESS OF PLANNING, ORGANIZING, AND
CONTROLLING THE ACTIVITIES RELATED TO THE PRODUCTION OF GOODS OR
SERVICES IN A SYSTEMATIC AND EFFICIENT MANNER.
6. PROJECT MANAGEMENT: THE APPLICATION OF KNOWLEDGE, SKILLS, TOOLS, AND
TECHNIQUES TO PROJECT ACTIVITIES TO MEET PROJECT REQUIREMENTS AND
ACHIEVE PROJECT OBJECTIVES WITHIN SPECIFIED CONSTRAINTS.
7. CRITICAL PATH: IN A PROJECT NETWORK, THE LONGEST PATH FROM THE START TO
THE FINISH THAT DETERMINES THE MINIMUM TIME NEEDED FOR THE PROJECT TO
BE COMPLETED.
8. ACTIVITY: A TASK OR UNIT OF WORK THAT CONSUMES TIME AND RESOURCES AND
CONTRIBUTES TO THE COMPLETION OF A PROJECT.
9. DUMMY ACTIVITY: A FICTITIOUS ACTIVITY INTRODUCED INTO A PROJECT NETWORK
TO MAINTAIN LOGICAL RELATIONSHIPS, ESPECIALLY WHEN USING THE ARROW
DIAGRAMMING METHOD.
10. EARLIEST TIME: THE EARLIEST POSSIBLE START OR FINISH TIME OF AN ACTIVITY,
CONSIDERING DEPENDENCIES AND CONSTRAINTS.
11. LATEST TIME: THE LATEST ALLOWABLE START OR FINISH TIME OF AN ACTIVITY
WITHOUT DELAYING THE PROJECT DURATION.
12. SLACK: THE AMOUNT OF TIME AN ACTIVITY CAN BE DELAYED WITHOUT
AFFECTING THE PROJECT COMPLETION TIME.
13. FLOAT: THE TOTAL TIME THAT A SCHEDULE ACTIVITY CAN BE DELAYED OR
EXTENDED WITHOUT DELAYING THE PROJECT COMPLETION TIME.
14. PIE CHART: A GRAPHICAL REPRESENTATION OF DATA IN A CIRCULAR GRAPH,
WHERE EACH SLICE REPRESENTS A PROPORTION OF THE WHOLE, OFTEN USED IN
PROJECT MANAGEMENT TO ILLUSTRATE THE DISTRIBUTION OF RESOURCES OR
PROJECT PHASES.
15. GANTT CHART: A VISUAL REPRESENTATION OF A PROJECT SCHEDULE,
DISPLAYING ACTIVITIES AS HORIZONTAL BARS ON A TIMELINE, WITH DEPENDENCIES
AND DURATIONS INDICATED, PROVIDING A COMPREHENSIVE VIEW OF THE
PROJECT'S TIMELINE AND PROGRESS.