Asked by Chris Turner on Jun 07, 2024

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The process of coping with uncertainty by formulating future courses of action to achieve specified results refers to

A) PERT.
B) planning.
C) pareto analysis.
D) the project life cycle.
E) controlling.

PERT

An acronym for Program Evaluation and Review Technique, a statistical tool used in project management, designed to analyze and represent the tasks involved in completing a given project.

Pareto Analysis

A method used in quality control and business to identify the few critical causes that account for most of an effect, enabling prioritization of effort.

Project Life Cycle

The series of phases that a project goes through from its initiation to its closure.

  • Identify the main components and importance of planning in management.
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JC
Jackson ChongJun 13, 2024
Final Answer :
B
Explanation :
Planning involves formulating future courses of action to achieve specified results, which is a way to cope with uncertainty. PERT is a specific planning technique that helps to manage projects by breaking down activities and estimating their duration and dependencies. Pareto analysis is a tool for identifying and prioritizing problems based on their relative importance or frequency. The project life cycle is a framework for managing projects from initiation to closure. Controlling refers to the process of monitoring project performance and taking corrective actions if necessary, which is related to planning but not the best answer for coping with uncertainty.