What is PERT?
PERT stands for Project Evaluation and Review Technique. This is an appropriate technique that is used for projects where the time required or needed to complete different activities is not known. This planning tool is used to calculate the amount of time it will take to realistically finish a project. It provides the blueprint of project and is an efficient technique for project evaluation.
In this technique, a PERT Chart is made which represents a schedule for all the specified tasks in the project. The PERT chart is used to schedule, organize, and coordinate tasks within the project. The objective of the PERT chart is to determine the critical path, which comprises critical activities that should be completed on schedule.
Difference Between PERT and CPM
Project Evaluation and Review Technique (PERT) and Critical Path Method (CPM) are very important analytical techniques of Project Management for planning and controlling a project. PERT and CRM are helpful tools for managing tasks that every project manager should implement.
Understanding the differences between PERT and CPM is essential for utilizing their combined strengths to effectively manage project tasks and timelines. Before understanding differences, let’s first understand their definition.