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MAN 435 - 5A

# MAN 435 - 5A - MAN-435 Project Management Project...

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MAN-435 Project Management Project Management: Achieving Competitive Advantage, by Jeffrey K. Pinto, (Upper Saddle River, New Jersey: Pearson Prentice-Hall, 2007). ISBN-13: 978-0-558-39543-8 Written Assignment 5 This assignment covers text chapters 9 and 10. Many of the questions are adapted from Discussion Questions in the text. Be sure you complete all 6 questions. 1. Explain the two primary methods for developing activity networks. (Objective 5.1) The two primary methods for developing activity networks are PERT – Program Evaluation and Review Technique and CPM – Critical Path Method. PERT: Developed in 1950 as a scheduling model for complex projects. A model for measuring duration times particular projects. Originally designed for the research development activities that can be difficult to predict. The PERT method analyzes the time required to complete a task or a project, providing time required for a completed project. The method allows each task or activity to be charted, marking milestones, sequence and providing a stream lined organization to the project assisting in the decision making process of the project. The method is used in combination with the critical path method (CPM). CPM: Developed in the 1950 as a scheduling model in the construction industry. Based on a mathematical algorithm, analyzing time required to complete a sequence of events or activities to complete a project. The CPM uses the work breakdown structure (WBS) assigning time duration, preceding activities and dependencies, to calculate the longest path of sequenced activities. By determining the critical path, the project has a determined length and sub-activities can then be allocated with a float or slack time. By calculating the CPM each activity has a determined earliest start and latest start before the project is in jeopardy of delay. Over the years PERT and CPM have merged in their similarities of networking

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techniques and are often referred to as PERT/ CPM.
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MAN 435 - 5A - MAN-435 Project Management Project...

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