GMS 450 Lecture 5: GMS 450 Week 5
19 Dec 2017
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Document Summary
Program evaluation and review technique (pert) and critical path method (cpm) Finding critical path, critical time and activity slack time. Calculating probabilistic activity times, and probability of completing the project on time. A schedule is a listing of a project"s milestones, activities, and deliverables, usually with intended start and finish dates. The schedule can be prepared in several formats: 1. Pert and cpm developed independently in 1950"s. Program evaluation and review technique (pert) is a statistical tool: by a team from u. s. navy, booz-allen hamilton, and lockheed aircraft, probabilistic activity durations. Critical path method (cpm: by morgan walker from dupont de nemours inc, deterministic activity durations. Includes both time and cost estimates to allow time/cost trade-offs. Both employ networks to schedule and display task sequences. Activity: a task or a set of tasks by the project and use resources and time.
