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Gantt chart
Critical path method (CPM)
Program evaluation and
review technique (PERT)
CPM calculates
The longest path of planned activities to the end of the
project
The earliest and latest that each activity can start and finish
without making the project longer
Determines “critical” activities (on the longest path)
Prioritize activities for the effective management and to
shorten the planned critical path of a project by:
Pruning critical path activities
“Fast tracking" (performing more activities in parallel)
“Crashing the critical path" (shortening the durations of
critical path activities by adding resources)
Activity
Every project consists of number of job operations or tasks which are
called activities. An activity is any time or resource consuming part of
the project which has definable start and finish. It may be process such
as moulding, finishing, cutting etc.; a material handling or material
procurement cycle.
An activity is represented by an arrow in the network diagram. It begins
in start event which is also known as ‘tail event’, and ends in
completion event or ‘head event’.
Network Diagram
It is pictorial representation of a project plan showing
the inter-relationship and interdependencies between
the various activities in a sequence; in which they are
to be performed to complete the project.
Earliest Finish Time (EFT): It is the earliest possible at which an activity can
finish.
EFT = EST + duration of that activity
Latest Start Time (LST): It is the latest possible time by which an activity can
start without delaying the date of completion of the project.
LST = LFT – duration of the activity.
Latest Finish Time (LFT): It is the latest time by which the activity must be
completed so that the scheduled date for the completion of the project may
not be delayed. It is calculated by moving backwards i.e. from last event to first
event of the network diagram.
Critical path: It is the sequence of activities which add up to the longest overall
duration. It is the shortest time possible to complete the project. Any delay of
an activity on the critical path directly impacts the planned project completion
date (there is no float on the critical path). A project can have several, parallel,
near critical paths. An additional parallel path through the network with the
total durations shorter than the critical path is called a sub-critical or non-
critical path.
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If the time required for an activity is highly variable – if the range of our
estimate is very large – then we will be less confident of the average
value we calculate than if the range is narrower.
Case 1: Case 2:
• to = 5 • to = 8
• tp = 17 • tp = 10
• tm = 8 • tm = 9
• te = 9 • Te = 9
Industrial Engineering and Management, BME III/II
By: Khem Gyanwali, Thapathali Campus, IOE,TU
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3. Program Evaluation and Review Techniques (PERT)