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Path Method (CPM) Was Developed For Project Management in The Private Sector at About The Same
Path Method (CPM) Was Developed For Project Management in The Private Sector at About The Same
project. PERT stands for Program Evaluation Review Technique, a methodology developed by the U.S.
Navy in the 1950s to manage the Polaris submarine missile program. A similar methodology, the Critical
Path Method (CPM) was developed for project management in the private sector at about the same
time
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PERT stands for Program Evaluation and Review Technique. PERT is a formula to
determine how long it will take to complete a task and PERT charts are often used in
project management as an estimating tool. Pert evaluates pessimistic time, most likely
time, and optimistic time to finish a project
Instructions
1 Estimate three time spans. Pessimistic time is the amount of time assuming
everything goes wrong. Most likely is the amount of time it will probably take to
finish the task. Optimistic time is the amount of time it will take assuming
everything goes as planned
2 PERT is determined by adding 4 to the pessimistic time, adding most likely and
optimistic time, multiplying the numbers, and then dividing by 6. For example:
Pessimistic + 4 x Most Likely + Optimistic / 6.
3
3
Example: How long will it take to paint your kitchen?Pessimistic: 5 daysMost Likely: 3
daysOptimistic: 2 days5 + 4 x 3 + 2 / 65 + 12 + 2 / 619 / 6Approximatley 3 days
definitionNetwork analysis technique used in complex project plans with a large number of activities. CPM
diagrams (1) all activities, (2) time required for their completion, (3) and how each activity is related to the
previous and next activity. A sequence of activities is called a 'path,' and the longest-path in the diagram is
the critical path. It is 'critical' because all activities on it must be completed in the designated time, otherwise
the whole project will be delayed. Also called critical path analysis or critical path methodology