Application of CPM and PERT techniques in Project Planning and Control
The Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) are two project management techniques used for project planning and control. Here are some ways in which these techniques are applied:
Project planning: CPM and PERT are used to plan projects by identifying the activities required to complete the project, their dependencies, and their expected duration. This information is used to create a network diagram that shows the critical path, which represents the minimum time required to complete the project.
Resource allocation: CPM and PERT are used to allocate resources by identifying the activities that require the most time and resources. This information is used to allocate resources efficiently and ensure that the critical path is not delayed.
Schedule control: CPM and PERT are used to control the project schedule by monitoring the progress of the project and identifying any delays or deviations from the plan. This information is used to take corrective action to keep the project on track.
Risk management: CPM and PERT are used to manage project risks by identifying potential risks and their impact on the project schedule. This information is used to develop a risk management plan that includes mitigation strategies and contingency plans.
Cost control: CPM and PERT are used to control project costs by identifying the activities that require the most resources and monitoring their progress. This information is used to ensure that the project is completed within budget.
Overall, CPM and PERT are powerful tools for project planning and control, allowing project managers to identify the critical path, allocate resources efficiently, monitor progress, manage risks, and control costs. By using these techniques, project managers can ensure that their projects are completed on time, within budget, and to the required quality standards.