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Merits of PERT/CPM
1. Especially useful when scheduling and controlling large projects
2. Straightforward concept and not mathematically complex
3. Graphical networks help to perceive relationships among project activities
4. Critical path and slack time analyses help pinpoint activities that need to be closely watched
5. Project documentation and graphics point out who is responsible for various activities
6. Applicable to a wide variety of projects
7. Useful in monitoring not only schedules but costs as well
Demerits of PERT/CPM
1. Project activities have to be clearly defined, independent, and stable in their relationships
2. Precedence relationships must be specified and networked together
3. Time estimates tend to be subjective and are subject to fudging by managers
4. There is an inherent danger of too much emphasis being placed on the longest or critical path
-By Kuldeep Shukla
Wiki User
∙ 10y ago
PERT (Program Evaluation and Review Technique) and CPM (Critical Path Method) are both project management tools used to schedule, organize, and coordinate tasks within a project.
Merits of PERT/CPM analysis include:
- Improved project planning by identifying critical paths and estimating project duration.
- Helps in resource allocation and minimizing project delays.
- Provides a visual representation of project timelines and dependencies.
Demerits include:
- Complexity in implementation and interpretation, especially for large projects.
- Reliance on assumptions for estimating task durations, which can lead to inaccuracies.
- Limited flexibility in adapting to changes during project execution.
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Similarities between PERT and CPM?
Both are used for planning and scheduling. Steps to create both networks are similar
What are the four traditional techniques of managerial control?
Statistical Control Reports Break Even Analysis PERT CPM
Full form of pert and cpm?
CPM -Critical Path Method
What is cpm and pert?
Critical Path Method (CPM) - A schedule network analysis technique used to identify the schedule flexibility and the critical path of the project schedule network diagram.
What has the author Joseph J Moder written?
Joseph J. Moder has written: 'Project management with CPM, PERT, and precedence diagramming' -- subject(s): Critical path analysis, PERT (Network analysis), Project management
What has the author H E R Colyer written?
H. E. R. Colyer has written: 'PERT and CPM bibliography' -- subject(s): Bibliography, Construction industry, Management, Critical path analysis, PERT (Network analysis)
What has the author Bruce N Baker written?
Bruce N. Baker has written: 'An introduction to PERT-CPM' -- subject(s): Critical path analysis
Explain the differences between CPM and Pert Techniques?
kamil_ka@list.ru
What is PERT charts?
Program Evaluation and Review Technique: is a network technique that uses three times estimates for each activity in a project. PERT is probalistic, whereas CPM is deterministic.
Is Cpm software available on the internet?
Yes, CPM software is available on the internet. 3d2f.com/tags/cpm/pert/ is a website with free CPM softward downloads. Yes, CPM software is available on the internet. There are many different companies that provide the software at different prices. You can look at the various places to see what requirements you need.
What is the difference between CPM and PERT?
The Major Differences and Similarities between PERT and CPMPERT(Program Evaluation and Review Technique) | CPM (Critical Path Method)_____________________________________ | ______________________________________1)PERT is a probabilistic tool used with three 1)CPM is a deterministic tool, with only singleEstimating the duration for completion of estimate of duration.activities._______________________________________________________________________________2)This tool is basically a tool for planning 2)CPM also allows and explicit estimate ofand control of time. costs in addition to time, therefore CPM cancontrol both time and cost._______________________________________________________________________________3)PERT is more suitable for R&D related 3)CPM is best suited for routine and thoseprojects where the project is performed for projects where time and cost estimates canthe first time and the estimate of duration be accurately calculated.are uncertain._______________________________________________________________________________4)The probability factor i major in PERT 4)The deterministic factor is more so values orso outcomes may not be exact. outcomes are generally accurate andrealistic._______________________________________________________________________________Extensions of both PERT and CPM allow the user to manage other resources in addition to time and money, to trade off resources, to analyze different types of schedules, and to balance the use of resources.tensions of both PERT and CPM allow the user to manage other resources in addition to time and money, to trade off resources, to analyze different types of schedules, and to balance the use of resources.
What is the different between critical path method and program evaluation and review technique?
Program Evaluation and Review Technique (PERT) lays the foundation of the network diagram or process by which the program will be completed. The Critical Path Method (CPM) is used within PERT to determine a critical path for a project within a program or the program itself if all the duration information is known for the program. CPM is a subset of PERT.
