Abstract: The concept of project management expresses an indispensable approach to imvestment projects. Time is often the most important factor in these projects. The artificial neural network is the paradigm of data processing, which is inspired by the one used by the biological brain, and it is used in numerous, different fields, among which is the project management. This research is oriented to application of artificial neural networks in managing time of investment project. The artificial neural networks are used to define the optimistic, the most probable and the pessimistic time in PERT method. The program package Matlab: Neural Network Toolbox is used in data simulation. The feed-forward backpropagation network is chosen.
Keywords: project management, artificial neural network, PERT
Recieved: 15.03.2007 Accepted: 30.04.2007 UDC: 005:004.032.26