Identify the formal approach that creates three time estimates for an activity.
a. Program Evaluation and Review Technique (PERT)
b. Work breakdown structure (WBS)
c. Gantt chart technique (GCT)
d. Grid breakdown structure (GBS)
a. Program Evaluation and Review Technique (PERT)
A formalized approach called Program Evaluation and Review Technique (PERT) creates three time estimates for an activity: shortest possible time, most likely time, and longest possible time. A formula is then applied to determine a single PERT time estimate.
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