PERT and CPM - Objectives and Applications

We are aware of the network analysis CPM (Critical Path Method) and PERT (Program Evaluation and Review Technique). Here, we will discuss the objectives and the applications of PERT and CPM.

PERT and CPM - Objectives and Applications

Objectives of PERT and CPM Analysis

The main objectives are:

1. A powerful coordinating tool for planning, scheduling and controlling of projects
2. The minimization of total project cost and time
3. Effective utilization of resources and minimization of effective resources
4. Minimization of delays and interruption during the implementation of the project

Applications of Network Analysis (PERT and CPM)

1. Research and Development Project (R and D Projects)
2. Equipment Maintenance and hauling
3. Construction Projects (Buildings, bridges, and Dams)
4. Setting up new industries
5. Planning and launching of new products
6. Design of plants, machines, and systems  
7. Shifting the manufacturing location to another location
8. Control of production in large shops
9. Market penetration programs
10. The organization of big programs, conferences etc.

Also Read: 

1. What is PERT? What are its advantages and disadvantages?
2. What is PERT in project management? What are the Time estimates in PERT technique?
3. PERT and CPM - Objectives and Applications
4. What are the difference between PERT and GANTT Chart