Project Management : Program Evaluation And Review Technique

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Probably the most important techniques that a project manager must master is the Program Evaluation and Review Technique (PERT) or Arrow Diagram Method (ADM) as known by the Project Management Institute. This method is one of the most common scheduling models in project management (Meredith & Mantel, 2009, p 21). A method that analyzes the probabilities of a project finalizing on time. The PERT identifies the worst, best and most likely case scenarios and aids the project manager in developing a simple project schedule while considering risks and deciding which risks to take. Since every project deals with uncertainty at some level and in some form, the PERT is in my opinion the number one technique that every project manager must be well educated on.
Ranking second is the Critical Path Method (CPM) or Precedence Diagram Method (PDM). Also considered next to PERT as one of the most common approaches in project management. CPM adds some strength into the scheduling and planning phases of project management by resolving issues with resource allocation (Meredith & Mantel, 2009, p 383). CPM takes into consideration the possibilities of decreasing the duration of the project by analyzing the required tasks and resource availability and needs. Crashing a project is a common approach utilized with CPM since its objective is to shorten the length of the project while considering costs tradeoffs.
The third most important tool is the Gantt chart due to its value as a secondary

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