3. Explain Pert vs Critical Path vs Critical Chain (in 500 words or more)

a. Your boss understands there different methods to forecast the project schedule (PERT vs. Critical path vs. critical chain). Using examples from your experiences, explain the similarities and differences of these techniques.

i. Be explicit in your examples, using numbers, calculations, and diagrams to show your understanding.

b. The CEO wants to make sure that the project comes in on schedule and is willing to accept a "safety net" being built into the project but does not want a guess. You need to educate him on the "Safety Net" buffering procedures and calculation.

c. Hint--- make sure these methods tie into Eliyahu Goldratt's theory of constraints.