Critical Project Management
Critical Path Management
Critical Path Method
Crash Project Method
PERT is probabilistic in nature.
CPM is probabilistic in nature.
CPM and PERT use similar terminology but were developed independently
.All of these statements are correct
A project is a set of activities that can be performed in a certain logical sequence.
A network is a graphic portrayal of independency relationship among the activities of a project.
An arrow representing an activity can have any length and shape.
An activity cannot be represented by more than one arrow but an arrow can represent one or more activities.
Each defined activity is represented by one and only one arrow.
A network should have only initial and one terminal node.
Identical initial and final nodes can identify two activities.
Only as few dummy activities should be included as is warranted.
Forward pass calculations yield the earliest and the latest start and finish times of various activities.
The difference between the latest and the earliest finish times is the total slack
Backward pass determines the latest start and the latest finish
Determination of the earliest and the latest start time of various activities of a project is useful for proper planning of their execution.
All activities on a critical path are critical activities.
A project network may have none, one, or more critical paths.
A delay in critical activity surely delays the completion of project.
Each critical activity has identical earliest and the latest start times.
Expected time of an activity is a weighted average of three times estimates, a, m, and b with respective weights of 1, 4, and 1.
The target time minus the expected time divided by standard deviation is the z value
The completion of project using PERT method follows normal distribution
The sum total of variances of critical activity times gives the variance of the overall project completion time.
An event that represents the initiation of more than one activity is called the burst event.
The longest path of a given project gives the maximum duration while its shortest path indicates the shortest duration.
The resource allocation programmes aim to allocate the given resources in a manner that the project completes in minimum time.
A non-critical activity may or may not have any free float.