Difference between Gantt and PERT Chart

 

The critical path method is a step-by-step project management technique to identify activities on the critical path. It is an approach to project scheduling that breaks the project into several work tasks, displays them in a flow chart, and then calculates the project .

Managing Projects as Investments: You can choose to calculate the expected time Duration using either the Triangular or Beta distribution. Originally, the critical path method considered only logical dependencies between terminal elements. This means that the chance of the project being completed within 25 weeks, instead of the expected 28 weeks is about 2 out of 7.

Content: Money Market Vs Capital Market

PERT/CPM for Project Scheduling & Management 1. INTRODUCTION. Basically, CPM (Critical Path Method) and PERT (Programme Evaluation Review Technique) are project management techniques, which have been created out of the need of Western industrial and military establishments to plan, schedule and control complex projects.

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