Difficulty: Medium
Correct Answer: All the above
Explanation:
Introduction / Context:
CPM terminology spans analysis, plotting, scheduling, and cost optimization. The question checks familiarity with these related labels that appear in planning literature and practice.
Given Data / Assumptions:
Concept / Approach:
CPM involves: analyzing networks (CPA), visualizing/plotting critical paths (CPP), scheduling with critical path awareness (CPS), and optimizing direct costs via crashing (MCE) while respecting time constraints. Though acronyms vary by text, all four are encountered under the CPM umbrella.
Step-by-Step Solution:
1) CPA: compute earliest/latest times, floats, and identify the critical path.2) CPP: present critical path graphically for management communication.3) CPS: build schedules honoring critical logic and resource realities.4) MCE: perform time–cost trade-off to minimize expenditure within deadline.
Verification / Alternative check:
Project control texts and exam syllabi often group these under CPM applications: analysis, display, scheduling, and cost optimization.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
All the above.
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