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  • A PERT Chart Is A Project Management Tool Used To Schedule

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    Yashu Reddy
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    PERT stands for program evaluation review technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program. CPM is a deterministic tool with only single estimating the duration for activities 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 within that range.

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    A PERT Chart is a Project Management Tool Used to Schedule

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    PERT stands for program evaluation review technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program. CPM is a deterministic tool with only single estimating the duration for activities 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 within that range.

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    12 views1 page

    A PERT Chart Is A Project Management Tool Used To Schedule

    Uploaded by

    Yashu Reddy
    PERT stands for program evaluation review technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program. CPM is a deterministic tool with only single estimating the duration for activities 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 within that range.

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    A PERT chart is a project management tool used to schedule, organize, and coordinate tasks within a project.

    PERT stands for Program Evaluation Review Technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program. A similar methodology, the Critical Path Method (CPM) was developed for project management in the private sector at about the same time.

    PERT 1) It stands for Program Evaluation and Review Technique. 2) It is Event Oriented. 3) It is a Probabilistic tool used with three.

    CPM 1) It stands for Critical Path Method.

    2) It is Activity Oriented. 3) It is a deterministic tool with a single estimating the duration for completion of estimate of duration. 4) This tool is basically a tool 4) This tool basically controls both Cost and of planning. Time. 5) It is most suitable for R & 5) It is most suitable for routine and for the D related. projects, whose cost and time can be estimated. 6) The probabilistic factor i 6) The deterministic factor is more. major in PERT. PERT is a probabilistic tool used with three estimating the duration for completion CPM is a deterministic tool, with only single estimating the duration for activities based on historical data. This tool is basically a tool for planning CPM can control both time and cost. PERT is more suitable for R&D related projects. CPM is best suited for routine and those projects where time and cost can be accurately estimated. 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.

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