PDFAbstract: The paper presents a frequently employed method in project management, in an uncertain environment. The PERT method has proven particularly useful in cases when the manager has to compromise between the duration till completion of a project and its cost. The PERT algorithm is also presented, utilized in a network with arc representation of the activities. Lastly the paper exemplifies a solving variant of the problem of a company planning on preparing and launching of a new product on the market.
Keywords: uncertainty, project cost, duration of completion, probability factor, critical path, project achievement probability by deadline
Cite this paper
Crutescu Ruxandra. (2017) Method of Project Management for Planning and Launching a New Product. International Journal of Economics and Management Systems, 2 , 138-143
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