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What is "PERT" and "CPM" ? -Objectives and Utility of these two techniques.

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/08/19
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Programme Evaluation & Review Technique- Used mostly in a research project, where it is difficult to estimate the time taken for various elements of the project.

Critical Path Method- Critical Path is the time taken by the path which takes the longest time. Thus it helps to calculate the time of completion of the project. There is no uncertainty regarding the time of completion of each element (task).