PERT and CPM are both project management techniques. PERT stands for Project Evaluation and Review Technique, while CPM stands for Critical Path Method. PERT is a visual technique that helps project managers plan, schedule, and control uncertain activities. PERT focuses on time planning and control, and incorporates three time estimates for each activity: optimistic, pessimistic, and most likely. CPM is a statistical technique that helps project managers plan, schedule, and control well-defined activities. CPM is used to manage time and cost. CPM relies on a single, deterministic estimate... Show more PERT and CPM are both project management techniques. PERT stands for Project Evaluation and Review Technique, while CPM stands for Critical Path Method. PERT is a visual technique that helps project managers plan, schedule, and control uncertain activities. PERT focuses on time planning and control, and incorporates three time estimates for each activity: optimistic, pessimistic, and most likely. CPM is a statistical technique that helps project managers plan, schedule, and control well-defined activities. CPM is used to manage time and cost. CPM relies on a single, deterministic estimate for each activity duration. PERT and CPM can be used together. For example, PERT can be used to outline the overall project path for building a home. If the house is needed sooner than expected, CPM can be used to identify the critical path and reduce the overall time required for the project. Show less
PERT and CPM are both project management techniques. PERT stands for Project Evaluation and Review Technique, while CPM stands for Critical Path Method.
PERT is a visual technique that helps project managers plan, schedule, and control uncertain activities. PERT focuses on time planning and control, and incorporates three time estimates for each activity: optimistic, pessimistic, and most likely.
CPM is a statistical technique that helps project managers plan, schedule, and control well-defined activities. CPM is used to manage time and cost. CPM relies on a single, deterministic estimate for each activity duration.
PERT and CPM can be used together. For example, PERT can be used to outline the overall project path for building a home. If the house is needed sooner than expected, CPM can be used to identify the critical path and reduce the overall time required for the project.
Join 4M+ learners. Unlock unlimited quizzes, wrong-answer tracking, flashcards + reminders, study guides, and 1-on-1 challenges.