June 2006
Beginner
793 pages
20h 59m
English
Content preview from Quantitative Techniques: Theory and ProblemsBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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MEANING OF PERT
PERT stands for Programme Evaluation and Review Technique. PERT is event oriented. PERT is a probabilistic model i.e. it takes into account uncertainties involved in the estimation of time of a job or an activity. It uses three estimates of the activity time - Optimistic, Pessimistic and Most Likely. Thus, the expected duration of each activity is probabilistic and expected duration indicates that there is 50% probability of getting the job done within that time.
PERT is primarily concerned with project time. It enables the project manager to schedule and co-ordinate the various activities so that the project can be completed on scheduled time. PERT is generally used for those projects which are not of repetitive in nature (e.g. ...
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