What Is Cpm and Pert

Project management can be understood as a systematic way of planning, scheduling, executing, monitoring, controlling the different aspects of the project, so as to attain the goal made at the time of project formulation. PERT and CPM are the two network-based project management techniques, which exhibit the flow and sequence of the activities and events.  Program (Project) Management and 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  or  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. They are used in the successful completion of a project and hence used in conjunction with each other. Nevertheless, the truth is that CPM is different from PERT in a way that the latter concentrates on time while the former stresses on the time-cost