TITLE:
PERT and CPM in Project Management with Practical Examples
AUTHORS:
Karibo Benaiah Bagshaw
KEYWORDS:
Activities, Critical Path Method, Project Evaluation Review Technique, Project Management
JOURNAL NAME:
American Journal of Operations Research,
Vol.11 No.4,
July
30,
2021
ABSTRACT: This paper reviewed the concepts of Project
Evaluation Review Technique and Critical
Path Method in project management with practical examples. The methods and
success of quantitative decision-making approaches in project management
through the use of project evaluation review technique and the critical
path method as regards project duration and critical activities of a project,
were discussed. The review found that while both methods are effective in
achieving success in project management, the relationship and connectivity of
activities involved in a project life cycle are key aspects. The paper
concludes that the project evaluation review technique is more effective when
the duration of the project is uncertain, while the critical path method is
effective when the project’s end time is certain. The paper, therefore,
recommends that to achieve maximum operative efficiency in utilizing resources
in project management, prior to commencing the execution of a project, all
required resources to cover every activity must be assembled and prioritized to
eliminate interruptions that could bring delay and unnecessary cost
implications. Again, policies focused on improving project execution should be
implemented in developing nations to minimize the many cases of failed and
delayed projects. Subsequently, stakeholders in projects must be given the
right, under the law, to prosecute the government, its agencies and/or the
executors of projects for failure to execute a project on schedule.