Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM) are useful visual tools for project managers, but they have limits. What makes PERT and CPM useful is that rather than ...

The technique is often referred to as PERT/CPM, the CPM standing for “critical path method.” PERT was developed during the 1950s through the efforts of the U.S. Navy and some of its ...

For a detailed discussion about various assumptions, techniques, and cautions related to the PERT approach, refer to Moder, Phillips, and Davis (1983) and Elmaghraby (1977). A simple model is used ...