Program evaluation and review technique: Difference between revisions

Content deleted Content added
Time: in-line citation
Overview: Add in-line citations
Line 11:
PERT is a method of analyzing the tasks involved in completing a given project, especially the time needed to complete each task, and to identify the minimum time needed to complete the total project. It incorporates uncertainty by making it possible to schedule a project while not knowing precisely the details and [[Duration (project management)|durations]] of all the activities. It is more of an event-oriented technique rather than start- and completion-oriented, and is used more in those projects where time is the major factor rather than cost. It is applied on very large-scale, one-time, complex, non-routine infrastructure and on Research and Development projects.
 
PERT offers a management tool<ref>{{cite book | author = Kerzner, Harold | year = 2009 | title = Project Management: A Systems Approach to Planning, Scheduling, and Controlling |edition = 10th | publisher = Wiley | isbn = 978-0-470-27870-3| author-link = Harold Kerzner }}</ref>{{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"/>
 
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"/>