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Unformatted text preview: First of all, one disadvantage of Gantt chart is, it cannot adequately show the interrelationships between the activities and the resources. However, PERT and CPM are network techniques which have the ability to consider precedence relationships and interdependency of activities. On complex projects, PERT and CPM work better than the simpler Gantt charts does. Moreover, PERT and CPM have the same objective and use similar analysis. Using PERT and CPM, managers can get information about entire project schedule, critical and noncritical activities, on-time completion probability, time-money-resources allocation reviews for each activity, and to develop a way to complete the project sooner at the least cost....
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This note was uploaded on 03/22/2012 for the course BADM 318 taught by Professor Mitra during the Spring '12 term at British Columbia Institute of Technology.
- Spring '12
- Project Management