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This book provides insight to some of the modern techniques designed for the execution of various projects. In this book, Program Evaluation and Review Technique (PERT), and the Critical Path Method (CPM) which have been designed to plan, coordinate, and control the performance of activities that comprise complex projects are emphasized. When combined with applications of probability theory, PERT may be used to predict the duration of activities, and forecast the completion date of a project. CPM enhances a manager´s ability to use resources in an efficient way by providing a strategy for determining which activities can be expedited to minimize total project costs. Together, PERT and CPM rationalize the central tasks of project management forecasting the completion date of projects, while coordinating resource allocations to maximize efficiency and effectiveness. This book will be useful to professionals in Project Management fields, or the students/researchers who may be considering utilizing the tools to direct their research towards the field.

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