Critical Path Method - CPM vs Program Evaluation Review Technique - PERT
A mathematical modelling technique used to schedule a set of tasks. The model allows the longest path (the critical path) to be determined which gives the minimum time required for project completion
PERT
and CPM are the two network-based project management techniques, which exhibit
the flow and sequence of the activities and events.Program
(Project) Evaluation Review Technique (PERT) is appropriate for the projects
where the time needed to complete different activities are not known. On the
other hand, the Critical Path Method (CPM) is apt for the projects which are
recurring in nature.The two scheduling methods use a common approach for
designing the network and for ascertaining its critical path.
BASIS FOR COMPARISON
|
PERT
|
CPM
|
Meaning
|
PERT is a project management
technique, used to manage uncertain activities of a project.
|
CPM is a statistical technique of
project management that manages well defined activities of a project.
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Orientation
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Event-oriented
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Activity-oriented
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Model
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Probabilistic Model
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Deterministic Model
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Estimates
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Three time estimates
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One time estimate
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Management of
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Unpredictable Activities
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Predictable activities
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Evolution
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Evolved as Research &
Development project
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Evolved as Construction project
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Suitable for
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Research and Development Project
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Non-research projects like civil
construction, ship building etc.
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Nature of jobs
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Non-repetitive nature
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Repetitive nature
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What is it?
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A technique of planning and control
of time
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A method to control cost and time.
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Focuses on
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Time
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Time and cost
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