17. Project Management

17.9. Summary of the Chapter

PERT, CPM, and other scheduling techniques have proven to be valuable tools in controlling large and complex projects. With these tools, managers understand the status of each activity and know which activities are critical and which have slack; in addition, they know where crashing makes the most sense. Projects are segmented into discrete activities, precedence relationships among them are determined, and specific resources are identified. This allows project managers to respond to the challenges of managing large and complex projects. Effective project management also allows firms to create products and services for global markets. A wide variety of software packages to help managers handle ...

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