Elucidate with the help of examples the concept of PERT and CPM with respect to NGOs.
PERT and CPM assist management in identifying the longest time-consuming, or consuming path through a network of tasks or activities as a basis for planning, executing, and controlling a project. The techniques help managers to optimize the longest time duration in order to minimize the total project cost and time. These tools help the project manager by guiding him/her through many stages of project management. The techniques are mathematically simplified and give critical path and slack time, provide project documentation and are very useful in monitoring project costs. However, in comparing both techniques’ advantages to project management, PERT is event-oriented, probabilistic, and concerned with time only and applies to projects in which the time horizon is unknown. In contrast, CPM is activity-oriented and is a deterministic model and is used for projects that are repetitive in nature and are small in size.
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