Introduction to CPM / PERT Techniques
CPM/PERT or Network Analysis is the technique is at times called, developed with two parallel streams, one military and the other industrial.
CPM (Critical Path Method) was the invention of M.R.Walker of E.I.Du Pont de Nemours & Co. and J.E.Kelly of Remington Rand, circa 1957. The calculation was created for the UNIVAC-I computer. The first test was prepared in 1958, when CPM was applied to the development of a new chemical plant. In March 1959, the technique was applied to maintenance shut-down at the Du Pont works in Louisville, Kentucky. Unproductive time was decreaed from 125 to 93 hours.
PERT (Project Evaluation and Review Technique) was introduced in 1958 for the POLARIS missile program by the Program Evaluation Branch of the Special Projects office of the U.S.Navy, assisted by the Lockheed Missile Systems division and the Consultant firm of Booz-Allen & Hamilton. The calculations were maintained so that they could be carried out on the IBM Naval Ordinance Research Computer (NORC) at Dahlgren, Virginia.
The methods are fundamentally network-oriented techniques using the similar principle. PERT and CPM are essentially time-oriented methods in sense that they both move for determination of a time schedule for the project. The important difference between two approaches is that the time approximation for the dissimilar activities in CPM was implicit to be deterministic whereas in PERT these are explained probabilistically. These techniques are known as project scheduling techniques.
In CPM activities are revealed as a network of precedence relationships taking use of activity-on-node network construction
- Deterministic activity times
- Single estimate of activity time
USED IN: Production management - for the jobs of recurring in nature where the activity time estimates can be forecasted with considerable certainty because of existence of past experience.
In PERT, activities are revealed as a network of precedence relationships taking use of activity-on-arrow network construction
- Probabilistic activity times
- Multiple time estimates
USED IN: Project management - for non-recurring jobs (research and development work), where the time and cost approximates tend to be somewhat doubtful. This technique utilizes probabilistic time estimates.
Advantages of PERT/CPM
l Helpful at various stages of project management
l Mathematically easy
l Provide critical path and slack time
l Give project documentation
l Helpful in monitoring and controlling costs
Demerits of PERT/CPM
l Fairly defined, independent and stable activities
l Precise precedence relationships
l More stress on critical paths
Applications of CPM / PERT
These methods have been used in a wide range of problems in industries and have found approval even in government organizations. These comprise
The income statement layout will change as per to the sort of business to which it relates.
tutorsglobe.com cell membrane assignment help-homework help by online cell biology tutors
Nuclear Reactions tutorial all along with the key concepts of Nuclear Fission, Energy released from neutron, Thermonuclear Reaction Or Nuclear Fusion, Criticality of a Reactor, stellar energy, modern hydrogen bomb
tutorsglobe.com labor assignment help-homework help by online kinds of factors of production tutors
www.tutorsglobe.com offers data dictionary homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com emerson efficiency plan assignment help-homework help by online incentive plans tutors
construction and testing of multivibrators using ic 555 - to check the multi vibrators using ic 555
www.tutorsglobe.com offers evolutionary process models homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
Find instant Animal Behavior Assignment Help service from phd experts at reasonable prices to secure top grades.
tutorsglobe.com factors included in brooding assignment help-homework help by online poultry tutors
tutorsglobe.com advantages-disadvantages of self-pollination assignment help-homework help by online self pollination tutors
www.tutorsglobe.com offers price control homework help, price control assignment help, answering questions to price control, economics solutions by online tutors.
In a species, differences are caused through the alterations in the environment or any alterations in the innate genetic setup of an organism or through the combination of both.
tutorsglobe.com ratio analysis assignment help-homework help by online tools of financial analysis tutors
Taxonomy of invertebrates tutorial all along with the key concepts of Classification of Invertebrates, Protozoa, Echinoderms, Annelids, Mollusks, Arthropods, Crustaceans, Arachnids and Insects
1955587
Questions Asked
3689
Tutors
1461723
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!