Cpm and Pert

2940 Words May 30th, 2011 12 Pages
Table of Contents
1.0 INTRODUCTION 3
2.0 NETWORK TECHNIQUES 7
2.1 Introduction 7
2.2 Critical Path Method (CPM) ……………………………………………………………..…………………………………… 8 2.2.1 Steps of CPM Project Planning ……….……………………………………………………………………………… 9 2.2.2 Example of CPM …………………………………………………………………………………………………………… 11 2.2.3 Benefits of CPM …………………………………………………………………………………………………………… 12 2.2.4 Limitation of CPM …………….…………………………………………………………………………………………. 12
2.3 Project Evaluation and Review Techniques (PERT) ……..……………..………………………………………… 13 2.3.1 Steps of PERT in Project Planning ……....……………………………………………………………………….. 14 2.3.2 Benefits of PERT……..……………………………………………………………………………………………………. 16 2.5.1 Limitation of PERT
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1.3.3- Financing:
The phase where the cost of the project is estimated and the method of payment is determined.
1.3.4- Contracting:
The phase where the contractors and the sub-contractors are chosen and the terms of the contract are made.
1.3.5- Implementation:
The phase where the actual construction is started and the project is transformed from papers to the actual work.
1.3.6- Performance monitoring:
The phase where the work that is getting done is being monitored to meet the actual specifications of the project. 1.4 Basic Elements of Project Management:
In order to have a successful project there are four basic elements that needs to be managed, which are: Cost, Resources, Time and Scope. All those elements are interrelated and need to be managed together where the success in managing them will lead to the success of the project it self. 1.5 Project Planning Techniques:
Project planning techniques can be divided into two major methods, which are:
1.5.1- Grantt Chart/ Bar Chart:
This method was used for the first time during the industrial revolution in the late 1800’s where an industrial engineer named Henry Grantt developed that method to improve the factory efficiency.
Nowadays this method is used for scheduling the tasks that needs to be done and in tracking the progress of the project it self.
The technique used in the method is the use of bars to determine each task where the length of
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