Project Management techniques: PERT and CPM Project Management techniques: PERT and CPM
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Abstract
Project Evaluation and Review Technology (PERT) and Critical Path Method (CPM) are two most of the valuable and useful techniques for the planning, scheduling and managing large projects in terms of cost, path and time. These two methodologies help project managers to keep a sight on the progress of entire project. There are situations when it is too difficult to estimate the time of some activities and deal with the impact of several uncertain factors, PERT is a technique through which a manger can calculate the approximate probability of completion of a project within the required time and CPM helps him in selecting the most nearest path among the several paths. For using PERT/CPM technology of operational research, this paper has taken one common example with complete process to help project manager in completing a large scale projects in shortest period of time
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