Scribd Logo
Upload

Welcome to Scribd!

  • 126 views

    CAED101 - JucoMartinCarlo - Quiz 3

    Uploaded by

    Martin Carlo A. Juco
    Critical Path Method (CPM) and Project Evaluation and Review Technique (PERT) are two project management techniques. CPM uses a single activity time estimate and represents activities as nodes, while PERT uses multiple activity time estimates and represents activities as lines between nodes. CPM is deterministic and focuses on time-cost tradeoffs for predictable activities, while PERT is probabilistic and manages uncertain activities in research projects. Henry Gantt developed the Gantt chart scheduling technique, which uses a bar chart to show the passage of time for each project activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    CAED101 - JucoMartinCarlo - Quiz 3

    Uploaded by

    Martin Carlo A. Juco
    126 views5 pages
    Critical Path Method (CPM) and Project Evaluation and Review Technique (PERT) are two project management techniques. CPM uses a single activity time estimate and represents activities as nodes, while PERT uses multiple activity time estimates and represents activities as lines between nodes. CPM is deterministic and focuses on time-cost tradeoffs for predictable activities, while PERT is probabilistic and manages uncertain activities in research projects. Henry Gantt developed the Gantt chart scheduling technique, which uses a bar chart to show the passage of time for each project activity.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Critical Path Method (CPM) and Project Evaluation and Review Technique (PERT) are two project management techniques. CPM uses a single activity time estimate and represents activities as nodes, while PERT uses multiple activity time estimates and represents activities as lines between nodes. CPM is deterministic and focuses on time-cost tradeoffs for predictable activities, while PERT is probabilistic and manages uncertain activities in research projects. Henry Gantt developed the Gantt chart scheduling technique, which uses a bar chart to show the passage of time for each project activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    126 views5 pages

    CAED101 - JucoMartinCarlo - Quiz 3

    Uploaded by

    Martin Carlo A. Juco
    Critical Path Method (CPM) and Project Evaluation and Review Technique (PERT) are two project management techniques. CPM uses a single activity time estimate and represents activities as nodes, while PERT uses multiple activity time estimates and represents activities as lines between nodes. CPM is deterministic and focuses on time-cost tradeoffs for predictable activities, while PERT is probabilistic and manages uncertain activities in research projects. Henry Gantt developed the Gantt chart scheduling technique, which uses a bar chart to show the passage of time for each project activity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    MARTIN CARLO JUCO

    Management Science
    ACN1Ar
    Quiz 3

    1. What is critical path method?

    For Taylor III (2013, p.349), Critical Path Method (CPM) used a single activity time
    estimate, and in the network, activities were nodes. Diagram below shows the
    branches and nodes.

    In CPM’s illustrations, the nodes represent the project activities while the branches with
    arrows in between the nodes indicate the precedence relationships between activities.
    This approach to constructing network is called activity on-nodes (AON).

    About the network above: The branches or arrows simply show the precedence
    relationships between the activities. Also, notice that there is no dummy activity (see
    next question #2); dummy activities are not required in an AON network because no two
    activities have the same start and ending nodes, so they will never be confused.
    2. What is project evaluation and review technique?

    According to Taylor III (2013, p.349), Project Evaluation and Review Technique
    (PERT) used multiple activity time estimates, and in the network, activities were lines
    between nodes.

    In PERT’s illustration, the branches in between the nodes represent activities, and the
    nodes reflect events or points in time such as the end of one activity and the start of
    another. This approach is called activity-on-arrow (AOA), and the activities are identified
    by the node numbers at the start and end of an activity.

    About the network above: The precedence relationships are reflected in this network by
    the arrangement of the arrowed (or directed) branches. The first activity in the project is
    to design the house and obtain financing. This activity must be completed before any
    subsequent activities can begin. Thus, activity laying the foundation, and activity
    ordering and receiving materials, can start only when node 2 is realized, indicating that
    activity has been completed. The number 3 above this branch signifies a time estimate
    of 3 months for the completion of this activity. Activity 2→3 and activity 2→4 can occur
    concurrently; neither depends on the other, and both depend only on the completion of
    activity 1→2. A dummy activity (activity 3→4) shows a precedence relationship but no
    passage of time.
    3. Distinguish CPM from PERT.

    Surbhi S. (2019), author in keydifference.com, provided a table to easily differentiate


    PERT and CPM.

    BASIS FOR
    PERT CPM
    COMPARISON

    Definition PERT is a project CPM is a statistical technique of


    management technique, used project management that
    to manage uncertain activities manages well defined activities
    of a project. of a project.

    What is it? A technique of planning and A method to control cost and


    control of time. time.

    Orientation Event-oriented Activity-oriented

    Model Probabilistic Model Deterministic Model

    Focuses on Time Time-cost trade-off

    Appropriate for High precision time estimate Reasonable time estimate

    Management of Unpredictable Activities Predictable activities

    Nature of jobs Non-repetitive nature Repetitive nature

    Critical and Non- No differentiation Differentiated


    critical activities

    Suitable for Research and Development Non-research projects like civil


    Project construction, ship building etc.
    4. What are the elements of project management?

    According to Taylor III (2013, p.340), project management generally includes the
    following basic elements:

    • Objectives—A detailed statement of what is to be accomplished by the


    project, how it will achieve the company’s goals and meet the strategic plan,
    and an estimate of when it needs to be completed, the cost, and the return.
    • Project scope—A discussion of how to approach the project, the technological
    and resource feasibility, the major tasks involved, and a preliminary schedule;
    it includes a justification of the project and what constitutes project success.
    • Contract requirements—A general structure of managerial, reporting, and
    performance responsibilities, including a detailed list of staff, suppliers,
    subcontractors, managerial requirements and agreements, reporting
    requirements, and a projected organizational structure.
    • Schedules—A list of all major events, tasks, and subschedules, from which a
    master schedule is developed.
    • Resources—The overall project budget for all resource requirements and
    procedures for budgetary control.
    • Personnel—Identification and recruitment of personnel required for the project
    team, including special skills and training.
    • Control—Procedures for monitoring and evaluating progress and
    performance, including schedules and cost.
    • Risk and problem analysis—Anticipation and assessment of uncertainties,
    problems, and potential difficulties that might increase the risk of project delays
    and/or failure and threaten project success.

    5. Who is Henry Gantt?

    Henry Gantt is a pioneer in the field of industrial engineering at the artillery


    ammunition shops of the Frankford Arsenal in 1914 (Taylor III, p.346). He developed
    the scheduling technique called Gantt Chart (also known as bar chart). A Gantt chart
    is a graph or bar chart with a bar for each project activity that shows the passage of
    time.

    Sources:

    Surbhi, S. (2019). Difference Between PERT and CPM. Retrieved from:


    https://keydifferences.com/difference-between-pert-and-cpm.html

    Taylor, B. W. III (2013). Chapter 8: Project Management. In Introduction to


    management science. essay, Pearson.

    You might also like