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The PERT and CPM models are extremely useful for the purpose of planning, scheduling and controlling the progress and completion of large and complex projects or for carrying out the analysis of these three managerial functions. A network is a graphical representation of a project, depicting the flow as well as the sequence of well-defined activities and events.
Both CPM (Critical Path Method) and PERT (Programme Evaluation and Review Technique) are network techniques/ models.
Both CPM (Critical Path Method) and PERT (Programme Evaluation and Review Technique) are network techniques/ models.
