PERT and CPM are both methods for predicting the cost and completion time of projects. PERT is usually concerned just with the time taken, while CPM looks at cost/time tradeoffs. PERT and CPM belong ...

This chapter covers the topics of program evaluation and review technique (PERT), critical path method (CPM), and constrained resource planning methods that enable project managers to assess the ...

Filled with over 125 illustrations describing formulas and applications, this comprehensive resource offers a wide variety of measurement tools and computations used in today's logistics operations, ...

For a detailed discussion about various assumptions, techniques, and cautions related to the PERT approach, refer to Moder, Phillips, and Davis (1983) and Elmaghraby (1977). A simple model is used ...