PERT stands for Program evaluation and review technique. It is also called "critical path method". It is an event-oriented planning aid, usually computerized used to estimate project ...
A management tool for graphically displaying projected tasks, milestones, schedules and discrepancies.
a technique for planning, estimating and scheduling projects which was developed in 1958 by the U.S. Navy Special Projects Office, Bureau of Ordnance, in cooperation with Booz, Allen and Hamilton, a management consulting firm. PERT was originally used to develop the Navy's Polaris Weapon System. It utilizes the definition of a methodology for the completion of a project. A PERT network depicts the precedent relationships that exists between various phases, activities or operations, so that critical activities can be identified and the appropriate scheduling and resource allocations can be made. PERT was originally derived from the Critical Path Method (CPM). Like CPM, PERT also expresses nodes in the network and tries to express critical activities in the development of a project. The difference between PERT and CPM is basically that CPM uses one estimate and schedule, while CPM uses three: minimum, maximum and probable. (See Critical Path Method).
Acronym for Program Evaluation and Review Techniques.
"Program Evaluation and Review Technique" for planning and coordinating large projects.
See Program Evaluation and Review Technique
Program Evaluation Review Technique. A technique for management of a program through to completion by constructing a network model of integrated activities and events and periodically evaluating the time/cost implications of progressed.
An abbreviation for Program Evaluating and Review Technique
acronym for Program Evaluation and Review Technique
Project Evaluation and Review Technique (3)
(Program Evaluation and Review Technique) A Project Management technique invented by (for) the U.S. Navy in 1958 as a means of projecting task and project completion and organizing complex sequences of tasks. PERT is based on the probability of an event occurring at a specified time. When used with CPM, it is the most commonly used Project Management methodology. Project Management: A management philosophy that says that efficient management will yield effective results. Specifically, efficient management of resources and constraints to perform tasks in order to achieve a desired result. Project Management seeks answers to 2 key questions in order to craft effective project plans: What tasks are necessary to do this project? How long will it take to do those tasks? Based on the answer to those 2 questions, PM answers 4 basic questions asked by most: How long will this project take? What will it take to do this project? Can it be completed sooner? How likely is it that it will be done on time