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The document discusses how to apply the Critical Path Method (CPM) with Program Evaluation and Review Technique (PERT) time estimation. When using just CPM, time is estimated using a best case, most likely, and worst case scenario. But when integrating PERT into CPM, it uses slightly different terminology of shortest, likely, and longest time. The formula for CPM alone is the average of best, most likely, worst case estimates. But the formula for CPM with PERT takes the average of shortest, likely, longest times to provide a more conservative time estimate for each task. The goal of integrating PERT is to limit speculation in time estimates and ensure better scheduling of individual tasks.

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Golam Mohammed Sardar
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62 views

Your Roll No. Name E-Mail Id Mobile Number Specialization

The document discusses how to apply the Critical Path Method (CPM) with Program Evaluation and Review Technique (PERT) time estimation. When using just CPM, time is estimated using a best case, most likely, and worst case scenario. But when integrating PERT into CPM, it uses slightly different terminology of shortest, likely, and longest time. The formula for CPM alone is the average of best, most likely, worst case estimates. But the formula for CPM with PERT takes the average of shortest, likely, longest times to provide a more conservative time estimate for each task. The goal of integrating PERT is to limit speculation in time estimates and ensure better scheduling of individual tasks.

Uploaded by

Golam Mohammed Sardar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Your Name E-mail id Mobile Specialization

Roll Number
No.
42 Golam golammohammedsardar20 8620008573 Marketing
Mohammed @gmail.com
Sardar

In not more than 300 words write your career aspiration.


My career aspiration is to be a successful manager in the field of marketing research.
Marketing research is the basis of marketing. Until a marketer understands his consumer
any strategy cannot be launched. And the best knowledge of consumer behaviour, market
trends and consumer expectations can be learned through research. So this is the reason I
want to do market research. And after 10 years of experience I want to join my father’s
business.

Question: “How to apply the Critical Path Method (CPM) on


PERT” asked the young Physicist who joined the research
centre.
The integration of PERT into CPM results in a slightly more conservative or skeptical view
of each of the specific tasks that make up the overall project. At the heart of the manner in
which PERT impacts CPM is the fact that CPM alone utilizes one formula and CPM with
PERT integration utilizes a different, more stringent one.

Time estimation developed in CPM alone utilizes a three-point analysis:

 The best case estimate


 The most likely estimate
 The worst case scenario estimate

The trio of estimates incorporated into the formula are derived from experienced from other
projects. The advice of people skilled in a project area is taken into consideration. In addition,
the concept of “best guess” is also brought into play. The formula in CPM standing alone is:

E = (a + 4m + b) / 6

Time estimation developed when CPM is integrated with PERT results in essentially the
same based three-point analysis, although it uses slightly different terminology:

 The shortest time


 The likely time
 The longest time

The formula utilized in CPM when PERT is incorporated into the process is:

shortest time + 4 x likely time + longest time


____________________________________

In the final analysis, the integration of PERT in CPM lessens the reliance on what commonly
is referenced as “best guess” in the stand-alone CPM analysis. The hope is that by integrating
PERT into CPM, better time calculations are ensured for each individual task that comprise
the overall project to be managed. Project scheduling will necessarily always involve some
level of speculation; this structure is designed to limit it.

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