Project Cost Discussion Unit 2

 In your own words, answer this unit’s discussion questions in a main post (recommended minimum 300 words) 

 

Assignment Details

Project managers use tools, such as Gantt charts and program evaluation and review technique (PERT) diagrams, to determine the appropriate actions to balance cost and schedule. Also, project managers must understand the effects of Gantt and PERT charts in the critical path methodology (CPM). You are presented with data to use while creating a critical path. Gantt and PERT charts and CPMs can be created and performed in Microsoft Excel; many project management software suites provide users with enhanced tools for simplifying these tasks

  • Describe how you would advise a person or a company to use Gantt and PERT charts. Differentiate between the 2.

After posting your response, respond to at least 2 of your peers. When responding to their posts, provide your comments on how your advice might be similar or different from your peers and on one of the differences that your peers noted.