MSCI 2200 Chapter Notes - Chapter 9: Beta Distribution, Remington Rand, Project Management Software
Document Summary
Pert program evaluation and review technique: developed by us navy for polaris missile project, developed to handle uncertain activity times. Cpm critical path method: developed by dupont and remington rand, developed for industrial projects for which activity times generally were known. Today"s project management software packages have combined the best features of both approaches. Used to plan the scheduling of individual activities that make up a project. Projects pay have as many as several thousand activities. A complicating factor in carrying out the activities is that some activities depend on the completion of other activities before they can be started. Can be constructed to model the precedence of the activities. The nodes of the network represent the activities. The arcs of the network reflect the precedence relationships of the activities. A critical path for the network is a path consisting of activities with 0 slack.
