Operations Research & Project Management
Mastering CPM and PERT Schedulings
The Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) form the bedrock of project management.
- Zero Float Is King: Any delay on a zero-float activity cascades directly into delayed project delivery unless fast-tracked or crashed.
- Three-Point Weighting: PERT weights the most likely duration $4 imes$ while accounting for asymmetric tail risks.
- Project Standard Deviation: Variances sum along the critical path ($sigma^2_{ ext{proj}} = sum sigma_i^2$), providing realistic confidence intervals.
Evaluate process capability in the Process Capability Lab.