The document discusses project scheduling techniques PERT and CPM. It provides an example of using these methods to schedule the building of an elaborate parade float. Key activities, durations, and dependencies are laid out. Earliest and latest start/finish times are calculated. The critical path is identified as several critical activities that must be completed on schedule. The project completion time is estimated at 18 days based on the critical path. Uncertain activity times and calculating the probability of on-time project completion are also discussed.