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Intermediate Accounting14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield 1,471 solutions Answer- Option (d) Option (a)- The Gantt chart and the work breakdown structure(WBS) both are the visual representation task. The Gantt chart is a bar chart whereas the WBS is an organizational chart. The WBS can also create Gantt charts for tracking tasks and visualiation. Hence this is true and this option is incorrect. Option (b)- The milestone is the estimation of the project time in which the project timeline is divided into unit values and then added to the Gantt chart for tracking the task progress. Therefore, this is the true and incorrect option. Option (c)- The Gantt chart diagram tracks the progress of the actual project schedule versus the planned project schedule. Hence, this is true and is the wrong option. Option (d)- The Gantt chart shows the information such as subtasks, milestones, timeline, and task dependencies. This shows how each task is related to the other in the diagram. Hence this is a false statement and the correct option.
Answer (Detailed Solution Below)Option 3 : The Gantt chart has been a popular project scheduling tool, but is not widely used now
Free 10 Questions 20 Marks 12 Mins Concept:
Last updated on Sep 21, 2022 The Union Public Service Commission has released the UPSC IES Prelims Exam Date. The Exam will be conducted on 19th February 2023 for both Paper I and Paper II. Earlier, the revised UPSC IES Interview Travel Allowances for 2022 which stages that the applicant must book the lower air ticket of economy class at least 21 days before the journey. The candidates must note that this is with the reference to 2022 cycle. Recently, the board has also released the UPSC IES Notification 2023 for a total number of 327 vacancies. The candidates can apply between 14th September 2022 to 4th October 2022. The candidates must meet the USPC IES Eligibility Criteria to attend the recruitment. Which is not a use of a Gantt chart?Don't use your Gantt chart for resource management
Gantt charts are great for displaying the amount of time a specific project (and its related tasks) will take, but it falls short when it comes to breaking down all of the resources involved.
Which of the following statements about Gantt chart is false?Answer and Explanation: First statement i.e. Just as Gantt charts, PERT charts explicitly represent the timing of the tasks is a false statements. Gantt chart is basically a bar chart and the length of the bar shows the time required to complete the task.
Which of the following statements about Gantt chart is true?Which of the following statements concerning a Gantt chart is true? The Gantt chart indicates where extra time is available and activities can be delayed.
Which of the following is a Gantt chart?A Gantt chart is a visualization that helps in scheduling, managing, and monitoring specific tasks and resources in a project. It consists of a list of tasks and bars depicting each task's progress. It's the most widely used chart in project management.
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