Final answer:
Lawrence D. Miles is the Father of Value Analysis, PERT stands for Program Evaluation and Review Technique in project management, and assembling project teams and assigning responsibilities occur during the Initiation phase.
Step-by-step explanation:
The Father of Value Analysis is Lawrence D. Miles. He developed the concept of Value Analysis as a systematic approach to improve the value and efficiency of products or services.
The PERT in project management stands for Program Evaluation and Review Technique. It is a method used to analyze and schedule the tasks involved in a project, considering the time and resources required.
In project management, the phase where the project team is assembled and their responsibilities are assigned is the Initiation phase. This is when the project is first defined and planned, and the team is formed to undertake the project.
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