PROJECT MANAGEMENT
RISK MANAGEMENT
CONTENT
01
02
03
04
PERT
CPM
OTHER SIGNIFICANT
INFORMATION
STEPS
PROGRAM EVALUATION & REVIEW TECHNIQUE
Pert is a tool to determine the duration of an
event and/or task to produce a more realistic
timeline for a project
Project managers often use this chart to make
realistic schedules by setting estimates for each
duration. PERT uses the following three-time
estimates to get the expected activity time for
planning projects with uncertain activity durations
(https://ca.indeed.com/career-advice/career-development/pert-vs-cpm)
RISK
MANAGEMENT
PERT
PROGRAM EVALUATION & REVIEW TECHNIQUE
PERT
OPTIMISTIC
SHORTEST PERIOD TO
FINISH A PROJECT
MOST LIKELY
COMPLETION TIME WITH THE HIGHEST
PROBABILITY
PESSISMISTIC
LONGEST DURATION TO
COMPLETE A PROJECT
CRITICAL PATH METHOD (CPM) in project
management is a technique used to oversee
projects where there's a specific time
required to complete a project. Project
managers use it to determine the critical and
non-critical tasks that can help reduce
conflicts and achieve desired results
(https://ca.indeed.com/career-advice/career-development/pert-vs-cpm)
When using CPM, managers start by preparing a
list of all activities needed to complete a project.
Next, you can estimate the time required to
complete each activity and determine the
dependencies between the activities. You can then
define the path as a sequence of activities in a
(https://ca.indeed.com/career-advice/career-development/pert-vs-cpm)
network
RISK
MANAGEMENT
CPM
SIGNIFICANT INFORMATION
MANPOWER PRODUCTIVITY
RATE
CONSTRUCTION SEQUENCE
BUDGETARY ESTIMATES
STEPS
CREAT A WBS TABLE, IDENTIFY
EVENTS and TASKS
IDENTIFY ALL
ACTIVITIES THAT
NEEDS TO BE DONE
ON A PROJECT
IDENTIFY EACH
SUCCESSORS OF
EACH ACTIVITIES
IDENTIFY EACH
PREDECESSORS
OF EACH
ACTIVITIES
ACTIVITIES
PREDECESSORS
SUCCESSORS
STEPS
CREAT A WBS TABLE, IDENTIFY
EVENTS and TASKS
STEPS
DETERMINE DURATION