Computerized PERT/CPM reports and charts do NOT include

• A. cost distribution tables.
• B. probability estimates for on-time completion.
• C. variance reports.
• D. detailed cost breakdowns for each task.

Answer: (B)

The correct answer is that computerized PERT/CPM reports and charts do not typically include probability estimates for on-time completion. PERT, which stands for Program Evaluation and Review Technique, focuses on assessing the timelines of project tasks and their interdependencies. While it provides essential information regarding the project schedule and critical paths, it does not inherently include probability estimates as part of its standard reporting framework.

The PERT technique primarily emphasizes estimated times for tasks based on optimistic, pessimistic, and most likely durations, but it does not express these in terms of the likelihood or probabilities of completing the project on time. Instead, probability estimates can be derived from PERT analysis by performing additional calculations, but they are not a standard output included in the basic reports.

Computerized PERT/CPM systems typically do provide various financial and scheduling information, such as cost distribution tables detailing how costs are allocated among tasks, variance reports that illustrate deviations from the planned schedule or budget, and detailed cost breakdowns for each task to offer insight into project expenses. However, these elements do not provide the probabilistic analysis that would give a direct estimate of the likelihood of project completion within the predetermined schedule.