Comparative Analysis of Risk Reduction Using PERT/CPM Techniques

Authors

  • Suchi Pandey  PG Scholar, CSE Department, BSSITM affiliated to AKTU University, Lucknow, India
  • Hira Singh Yadav  Head of Department, CSE Department, BSSITM affiliated to AKTU University, Lucknow, India

DOI:

https://doi.org/10.32628/IJSRSET196521

Keywords:

Risk Optimization, Probability Analysis, Comparative Analysis, Simulation Technique.

Abstract

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).

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International Journal of Scientific Research in Science, Engineering and Technology

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Published

2019-10-30

Issue

Volume 6, Issue 5, September-October-2019

Section

Research Articles

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How to Cite

[1]
Suchi Pandey, Hira Singh Yadav "Comparative Analysis of Risk Reduction Using PERT/CPM Techniques" International Journal of Scientific Research in Science, Engineering and Technology (IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 6, Issue 5, pp.144-147, September-October-2019. Available at doi : https://doi.org/10.32628/IJSRSET196521