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Differentiate between CPM & PERT.
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CRITICAL PATH METHOD (CPM) PROGRAM EVALUATION AND REVIEW TECHNIQUE (PERT)
CPM is activity oriented i.e. CPM network is built on the basis of activities PERT is event oriented
CPM is a deterministic model. It does not take into account it uncertainties involved in the estimation of time. PERT is a probabilistic model
CPM places dual emphasis on project time as well as cost and finds the trade-off between project time and project cost. PERT is primarily concerned with time only
CPM is primarily used for projects which are repetitive in nature and comparatively small in size. PERT is used for large on time research and development type of projects.
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