Industrial Engineering and Production Management
One of the basic essentials of an incentive plan is that

Minimum wages should be guaranteed
A differential piece rate system should exist
Provide incentive to group efficiency performance
All standards should be based on time studies

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Industrial Engineering and Production Management
The assumption in PERT is

Activities are fixed and can't be changed
A project can be subdivided into a set of predictable, independent activities
A project will always be behind schedule, if left uncorrected
Cost of project will always be more than the estimated cost, if no timely corrections are taken

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