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Project management can be defined as a structural way of planning, scheduling, executing, monitoring, and controlling various phases of a project. To achieve the end goal of a project on time, PERT and CPM are two project management techniques that every management should implement. These techniques help in displaying the progress and series of actions and events of a project.
Meaning of PERT
Meaning of CPM

Program (Project) Evaluation and Review Technique (PERT) in an activity to understand the planning, arranging, scheduling, coordinating, and governing of a project. This program helps to understand the technique of a study taken to complete a project, identify the least and minimum time is taken to complete the whole project. PERT was developed in the 1950s, with the aim to the cost and time of a project.
Critical Path Method (CPM) developed in the 1950s is an algorithm needed for planning, arranging, scheduling, coordinating, and governing of a project. It is presumed that in this method the activity time is specified and fixed. It is used to calculate the quickest and latest start time for each task.
CPM helps to distinguish the critical and non-critical tasks, reduces the time and bypass the queue formation in the process. It is essential to identify critical activity because if any activity is hindered, it will clutter the whole process.

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