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Critical chain project management is a method of planning and managing projects that emphasizes the resources required to execute project tasks. Program Evaluation and Review Technique , commonly abbreviated PERT, is a statistical tool, used in project management, that is designed to analyze and represent the tasks involved in completing a ...
Monitoring includes the continuous assessment of programmes based on early detailed information on the progress or delay of the ongoing assessed activities. [1] Evaluation involves the examination of the relevance, effectiveness, efficiency and impact of activities in the light of specified objectives.
Program evaluation is a systematic method for collecting, analyzing, and using information to answer questions about projects, policies and programs, [1] particularly about their effectiveness and efficiency.
Critical chain project management is based on methods and algorithms derived from Theory of Constraints. The idea of CCPM was introduced in 1997 in Eliyahu M. Goldratt's book, Critical Chain . The application of CCPM has been credited with achieving projects 10% to 50% faster and/or cheaper than the traditional methods (i.e., CPM, PERT, Gantt ...
Large projects usually need to use quantitative forecasts associated with earned value management. [7] Although deliverables in these large projects can use adaptive development methods, the forecasting metrics found in earned value management are mostly used in projects using the predictive approach. [7]
Since project schedules change on a regular basis, CPM allows continuous monitoring of the schedule, which allows the project manager to track the critical activities, and alerts the project manager to the possibility that non-critical activities may be delayed beyond their total float, thus creating a new critical path and delaying project ...
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