Comparative Study of Critical Resource Diagramming Versus PERT and CPM Assignment

Comparative Study of Critical Resource Diagramming Versus PERT and CPM - Assignment Example PERT is a statistical implement used in project management, it is designed to analyze and exemplify the task evaluation completing a given project (Delgado et al., 2004). It is normally used in conjunction with CPM which is known as critical path method in project scheduling and management technique. CPM is a tool used to evaluate and determine duration based on the proof of identity of â€Å"critical work† through an activity network (Delgado et al., 2004).Ultimately CPM and PERT can be merged into one to form a project scheduling technique known as CPM/PERT. The combination of both CPM and PERT makes it visually easier to view precedence relationships and gives an opportunity for ideal large projects with several activities (Delgado et al., 2004). CPM/PERT contain two major key elements: activities and events. An activity embodies an action and consumption of resources such as time, money and energy needed to complete a quota for a given plan. The activity is typically epitomized by an arrow; this is due to the fact that it encompasses resources (Delgado et al., 2004). An event, normally taken to mean node will basically occur at the beginning and the end of an activity. The events have no resources and as a result are represented by a circle (Delgado et al., 2004). When working on a complicated project, it is normally very hard for the business owner to envisage the schedule and risks. Applying the PERT/CPM can help play a major role in breaking the large efforts down into smaller tasks and show the relationships between different tasks. This can help in determining the expected outcome besides anticipating and alleviating scheduling bottlenecks (Delgado et al., 2004). Using the just-in-time (JIT) philosophy as a standard project scheduling technique can help solve the implications of Ajax project management that includes the stratagem, fabrication and introduction of a firsthand microwave oven. The just-in-time is used to eliminate wastage by cutting unnecessary inventory and doing away with the delays in operations.