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What kinds of decision making situations may be analysed using PERT and CPM techniques?
Wiki User
∙ 10y ago
CPM vs. PERT
CPM or "Critical Path Method":
tool to analyze project and determine duration, based on identification of "critical path" through an activity network. Knowledge of the critical path can permit management of the project to change duration. A single estimate for activity time was used that did not allow for variation in activity times Activity times are assumed to be known or predictable ("deterministic") Activities are represented as nodes or circlesPERT or "Project Evaluation and Review Technique":
- Another derivative of the GANTT chart
- Multiple time estimates were used for each activity that allowed for variation in activity times
- Activity times are assumed to be random, with assumed probability distribution ("probabilistic")
- Activities are represented by arrowed lines between the nodes or circles
Wiki User
∙ 10y ago
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