Program evaluation and review technique: Difference between revisions

Revision as of 06:04, 17 April 2024

Revision as of 06:23, 17 April 2024

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PERT offers a management tool,{{sfn|Kerzner|2009}}{{rp|497}} which relies "on arrow and node diagrams of ''activities'' and ''events'': arrows represent the ''activities'' or work necessary to reach the ''events'' or nodes that indicate each completed phase of the total project."<ref name="MB 1968" />

The '''Project Evaluation and Review Technique or PERT'''<ref>{{Cite web |date=2023-08-18 |title=What is PERT in Project Management? - Working {{!}} New Topic [2024] - Poly Notes Hub |url=https://polynoteshub.co.in/what-is-pert-in-project-management/ |access-date=2024-04-17 |language=en-US}}</ref> is a project management technique that analyzes and represents the tasks required to complete a project. It is especially beneficial for projects with significant uncertainty and complexity.

PERT and CPM are complementary tools, because "CPM employs one time estimation and one cost estimation for each activity; PERT may utilize three time estimates (optimistic, expected, and pessimistic) and no costs for each activity. Although these are distinct differences, the term PERT is applied increasingly to all critical path scheduling."<ref name="MB 1968" />