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CPM Pert Notes For Students

This document discusses Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) project management tools. It provides an overview of how CPM can be used for scheduling, monitoring, and controlling projects by determining the critical path and calculating float times. The document also outlines some limitations of CPM, such as the difficulty estimating activity times. It then compares CPM and PERT, noting they both use network diagrams but PERT is probabilistic while CPM is deterministic.

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Varaprasad Rao
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2K views

CPM Pert Notes For Students

This document discusses Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) project management tools. It provides an overview of how CPM can be used for scheduling, monitoring, and controlling projects by determining the critical path and calculating float times. The document also outlines some limitations of CPM, such as the difficulty estimating activity times. It then compares CPM and PERT, noting they both use network diagrams but PERT is probabilistic while CPM is deterministic.

Uploaded by

Varaprasad Rao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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NET WORK ANALYSIS CPM/PERT

5. Helpful for scheduling, monitoring, and controlling projects


6. CMP determines the project duration, which minimized the sum of direct and

indirect costs.
7. The activities and their outcomes can be shown as a network
8. Displays dependencies to help scheduling
9. Evaluates which activities can run parallel to each other
10. Determines slack and float times
11. Widely used in industry
12. Can define multiple, equally critical paths

Limitations of CPM:
The main limitations of the CPM are:
1. CPM operates on the assumption that there is a precise known time that each
activity in the project will take. But, it may not be true in real practice. Expected time
may not be always known with accuracy.
2. CPM time estimates are not based on statistical analysis.
3. It cannot be used as a controlling device for the simple reason that any
c h a n g e i n t r o d u c e d wi l l c h a n g e t h e e n t i r e s t r u c t u r e o f n e t wo r k . I n
o t h e r words, CPM cannot be used as a dynamic controlling device.
4. CPM's can be complicated, and complexity increases for larger projects
5. Does not handle the scheduling of personnel or the allocation of resources
6. The critical path is not always clear and needs to be calculated carefully
7. Estimating activity completion times can be difficult especially for the new
Projects.

Comparing CPM and PERT


Both CPM and PERT (Program Evaluation and Review Technique) provide the user with project
management tools to plan, monitor, and update their project as it progresses. There are many
similarities and differences between the two, however.
Similarities between PERT and CPM
Both follow the same steps and use network diagrams
Both are used to plan the scheduling of individual activities that make up a project
They can be used to determine the earliest/latest start and finish times for each activity
Differences between PERT and CPM
PERT is probabilistic whereas CPM is deterministic
In CPM, estimates of activity duration are based on historical data
In PERT, estimates are uncertain and we talk of ranges of duration and the probability that an
activity duration will fall into that range
CPM concentrates on Time/Cost trade off.

H1 is the Dummy Activity.

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