PROJECT MANAGEMENT- CPM AND PERT

Project Management is considered as one of the most important in all the fields. It may be in the production scheduling, construction, banking , industrial project and while conducting ,organizing mega events.

Project is represented in the form of Network Diagrams for an analyses of scheduling, planning the activities of a project. A Network diagram Consists of set of arrows and which connected through a set of nodes and circles.

for Example the below diagram show a clear view about Network Diagrams:



There are two important Network diagram concepts which we will use oftenly:
1.CPM
2.PERT
3.GANTT CHART.

CPM: Critical Path Method:
The Critical Path of a project Network is the longest path in the network. It can be identified by listing out all the possiblities of paths from starting node to ending node of the project and selecting the path with the maximum sum of activities .

GANTT CHART:

This chart gives us a clear Picture of the starting time and ending time of the project. It will be useful to allocate resources like man,machine, money etc., with this one can adjust the resources also. this software is available in MS OFFICE PACKAGE- MS PROJECT.




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