The PERT/CPM Technique

  • Mario Vanhoucke
Chapter

Abstract

Completing a project on time and within budget is not an easy task. The project scheduling phase plays a central role in predicting both the time and cost aspects of a project. More precisely, it determines a timetable in order to be able to predict the expected time and cost of each individual activity. In this chapter, the basic critical path calculations of a project schedule are highlighted and the fundamental concept of an activity network is presented. Throughout all chapters of Part 1, it is assumed that a project is not subject to a limited amount of resources. The project is structured in a network to model the precedences between the various project activities. The basic concepts of project network analysis are outlined and the Program Evaluation and Review Technique (PERT) is discussed as an easy yet effective scheduling tool for projects with variability in the activity duration estimates.

Keywords

Critical Path Project Schedule Precedence Relation Project Network Project Duration 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Mario Vanhoucke
    • 1
  1. 1.Fac. Economics and Business AdministrationGhent UniversityGhentBelgium

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