ITZ MANISH

List out all the activities involved in a project. Say, for example, in building construction, the activities are: (i) Site selection, (ii) Arrangement of Finance, (iii) Preparation of building plan, (iv) Approval of plan by municipal authorities, (v) Purchase of materials, (vi) Digging of foundation, (vii) Filling up of foundation, (viii) Building superstructure, (ix) Fixing up of doorframes and window frames, (x) Roofing, (xi) Plastering, (xii) Flooring, (xiii) Electricity and water fittings, (xiv) Finishing Þ      Once the activities are listed, they are arranged in sequential manner and in logical order. For example, foundation digging should come before foundation filling and so on. Þ      After arranging the activities in a logical sequence, their time is estimated and written against each activity. For example: Foundation digging: 10 days, or 1½ weeks. Þ      Some of the act...

Programme Evaluation and Review Technique (PERT) and Critical Path Method (CPM) are two techniques that are widely used in planning and scheduling the large projects. A project is a combination of various activities. For example, Construction of a house can be considered as a project. A project is a series of activities directed to accomplishment of  a desired objective. construction of a house includes various activities such as searching for a suitable site, arranging the finance, purchase of materials, digging the foundation, construction of superstructure etc. In planning and scheduling the activities of large sized projects, the two network techniques — PERT and CPM — are used conveniently to estimate and evaluate the project completion time and control the resources to see that the project is completed within the stipulated time and at minimum possible cost. Many managers, who use the PERT and CPM techniques, have claimed that these techniques drastically redu...