73-220-Lecture17 - ProjectScheduling:PERT/CPM 73-220...

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1 Project Scheduling: PERT/CPM 73-220 Lecture 17
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2 Agenda Review of last class. Applications of using binary decision variables. Project scheduling – PERT/CPM Project scheduling with known activity times Next Class
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3 PERT/CPM: Introduction PERT   Program Evaluation and Review Technique Developed by U.S. Navy for Polaris missile project Developed to handle uncertain activity times CPM Critical Path Method Developed for industrial projects for which activity times  generally were known Today’s project management software packages have  combined the best features of both approaches.
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4 PERT/CPM: Applications PERT and CPM have been used to plan,  schedule, and control a wide variety of  projects: Construction of buildings and highways Maintenance of large and complex equipment Design and installation of new systems
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5 PERT/CPM PERT/CPM is used to plan the scheduling of  individual activities  that make up a project. Projects may have as many as several thousand  activities. A complicating factor in carrying out the activities  is that some activities depend on the completion of  other activities before they can be started.
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6 PERT/CPM: Key Questions Project managers rely on PERT/CPM to help them  answer questions such as: What is the total time  to complete the project? What are the scheduled start and finish dates  for each  specific activity? Which activities are critical
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73-220-Lecture17 - ProjectScheduling:PERT/CPM 73-220...

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