Estimating errors on project-related activities may hamper the attainment of a milestone and interfere with the rest of the activities in a project schedule. The delay and disruption resulting from inaccurate estimation may culminate in project failure or at the very best to failure of project management; untimely delivery of the project, within the set budget, and according to project specifications (Khamooshi & Cioffi 2013). The precision and the subsequent reliability of estimates should be put into consideration more thoroughly when making project schedules.
Comparisons between Critical Path Method (CPM) and Probabilistic Program Evaluation and Review Technique (PERT)
Two divergent methods are commonly used to plan project durations, which include the deterministic critical path Continue reading...