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PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F).. The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project.
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In probability and statistics, the PERT distributions are a family of continuous probability distributions defined by the minimum (a), most likely (b) and maximum (c) values that a variable can take. It is a transformation of the four-parameter beta distribution with an additional assumption that its expected value is
The E and SD values are then used to convert the project time estimates to confidence intervals as follows: The 68% confidence interval for the true project work time is approximately E(project) ± SD(project) The 90% confidence interval for the true project work time is approximately E(project) ± 1.645 × SD(project)
Program Evaluation and Review Technique, commonly abbreviated PERT, is a statistical tool, used in project management to analyze and represent the tasks involved in completing a given project. PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F).
The project has two critical paths: activities B and C, or A, D, and F – giving a minimum project time of 7 months with fast tracking. Activity E is sub-critical, and has a float of 1 month. The critical path method ( CPM ), or critical path analysis ( CPA ), is an algorithm for scheduling a set of project activities. [ 1 ]
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