Comparative Analysis of Risk Reduction Using PERT/CPM Techniques
Suchi Pandey, Hira Singh Yadav · International Journal of Scientific Research in Science Engineering and Technology · 2019
This paper analyzed the traditional probability analysis method for duration risk in program evaluation and review technique (PERT) and Critical Path Method (CPM). On the basis of that it simulates the project’s duration and analyzes the risk by Monte Carlo simulation method. The PERT/CPM produce begins with the hard work of developing an estimate of the cost each activity when it is performed in the planning way (including any crashing).