PERT/CPM

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'''Introduction'''
 
'''Introduction'''
  
Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM) are two methodologies based on the same philosophy. The result of this assumption is both these methodologies to be considered as a single method.
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The reticular analysis enables design and planning of a project, at all levels of details, regarding the duration of each activity, the order of priority, the review of the program when changes or delays happen and finally the cost of the project.  
In this article which is an assignment for the course Advanced Engineering Project, Program and Portfolio Management of Technical University of Denmark, initially the history is going to be recorded. Then, the chapter of application will follow. In the same section an example will be provided to make more meaningful the section of application. The chapter of advantages comes next while the limitations follow. The article will close with references to related articles of the same assignment which are considered to be related to the topic of the current article and references which were used for this article to be written.
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The methods of reticular analysis which are used to optimize the design and planning of a project are PERT and CPM. These methodologies were developed independently of each other in late 50s. Researchers have used PERT method for handling problems with stochastic activities times while they have used CPM method for problems with deterministic times.
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Essentially, this difference resulted because these two methods encountered problems of different nature during the period they were developed. There were also differences in the way in which the two methods depicting activities with a network form.
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In PERT networks, the activities were represented with edges while in CPM networks the nodes symbolized the activities.
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In any case, these differences do not exist anymore.  The way of representation of the activities is based on the user selection while the methodology is merged in a common method which is called PERT/CPM method. According to this, all the networks which are obtained by this method, they are called PERT/CPM networks.  
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=History=
 
=History=

Revision as of 14:59, 3 October 2015

Introduction

The reticular analysis enables design and planning of a project, at all levels of details, regarding the duration of each activity, the order of priority, the review of the program when changes or delays happen and finally the cost of the project. The methods of reticular analysis which are used to optimize the design and planning of a project are PERT and CPM. These methodologies were developed independently of each other in late 50s. Researchers have used PERT method for handling problems with stochastic activities times while they have used CPM method for problems with deterministic times. Essentially, this difference resulted because these two methods encountered problems of different nature during the period they were developed. There were also differences in the way in which the two methods depicting activities with a network form. In PERT networks, the activities were represented with edges while in CPM networks the nodes symbolized the activities. In any case, these differences do not exist anymore. The way of representation of the activities is based on the user selection while the methodology is merged in a common method which is called PERT/CPM method. According to this, all the networks which are obtained by this method, they are called PERT/CPM networks.


Contents

History

Application

Project planning under uncertainty

Program review and time compression

Example

Exercise

Solution

Usage

Discussion

Advantages

Limitations

Related Articles

References

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