Project Management Techniques: PERT and CPM
Program evaluation and review technique (PERT) and the critical path method (CPM) were both developed in the 1950s to help managers schedule, monitor, and control large and complex projects. CPM arrived first, as a tool developed to assist in the building and maintenance of chemical plants at duPont. Independently, PERT was developed in 1958 for the U.S. Navy.
The Framework of PERT and CPM
PERT and CPM both follow six basic steps:
Define the project and prepare ...
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