PROJECT MANAGEMENT TECHNIQUESProject Management Tools and TechniquesStudents NameInstitution AffiliationsDatePROJECT MANAGEMENT TECHNIQUESProject management is a crucial task that includes several phases, resources, precedence,costs. Hence, it is essential to use tools that can help in monitoring all aspects of the project in atimely and user-friendly manner that can be understood by all its team members. A task withmany complex responsibilities luckily there exist various tools to assisting in computing the taskand executing the responsibilities some such as Program Evaluation Review Technique (PERT)and Critical Path Method (CPM) can be produced manually or with commercially availableproject management software. Both this two software are for planning and controlling that helpin managing the project effectively in a visual manner I,e, manage resources, tasks duration,costs, and budget.Successful companies that use PERT and CPMMicrosoft and McDonald's companies are two examples that apply advancedmanagement methods to monitor and control the various phases of the project, for exampleadopting the principles of PERT/CPM in their way of managing projects. It is cr ...
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