Surname1Student Name:Supervisor Name:Course:Date:Project Management TechniquesOrganizations need to plan, prepare a schedule and organize their projects. Accordingto Meredith et al. ( 3), the use of project and project management keeps on growing, andproject organization is key to achieve goals for these projects. Businesses mostly use projectmanagement to attain their goals with limited resources and time. Meredith also states thatthere has been an increase in some firms that prefer projects as a way of accomplishing andachieving their objectives. Therefore, with the rapid growth in the use of projects in business,there are techniques developed to enable managers to execute the business projects. Thesetechniques are critical path method (CPM) and program and evaluation review technique(PERT). CPM and PERT are models that help managers on areas to focus and brain-storm ina project.Though both CPM and PERT differ, their objective is the same. Some of thedifferences are: CPM is activity oriented while PERT is event oriented. In CPM the emphasisis given to the activity while in PERT emphasis is on the event. CPM is a single timeestimate, but PERT is a three-time est ...
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