Project Management
PROJECT MANAGEMENT NETWORK ANALYSIS (PERT and CPM) INTRODUCTION PERT and CPM are two well-known network techniques or models especially useful for planning, scheduling and executing large time-bound projects which involve careful co-ordination of a variety of complex and interrelated activities and resources. PERT is the abbreviated form for Program Evaluation and Review Techniques and CPM for Critical Path Method . Both the techniques were developed in U.S.A. during the late 1950s. PERT was developed by US Navy Engineers to plan and control the huge Polaris Submarine Program. CPM was developed by E.I. DuPont Nemours & Co., U.S.A. and the Univac Division of Remington Rand Corporation in 1956 in connection with the periodic overhauling and maintenance of chemical plants. It resulted in reducing the shut-down period from 130 hours to 90 hours and saving hours and saving ...