The Program Evaluation and Review Technique (PERT) concept, developed originally by U. S.
The Program Evaluation and Review Technique, also known as PERT, can at first seem complex. But by breaking the concept down based on a few key terms, you can better understand how the theory works and how you can apply it to your organization.
When you think of PERT, what comes to mind? For business leaders and anyone associated with project management, it should be Program Evaluation and Review Technique, a helpful life cycle concept for defining project task success and growth on a continual basis. You may or may not be aware that PERT exists, or know what it means in application to projects in your industry.
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Managing a project from start to completion require a great amount of organization and dedicated. Many project managers turn to effective time management tools to budget time, set deadlines, and follow up on specific tasks. The Program Evaluation and Review Technique (PERT) has been a vital tool used since the late fifties.
PERT is a well-known method used to analyze all the tasks involved and determine the amount of time it will take to complete each task and then the entire project. Project managers and project coordinators have come to depend on the simple strategy to keep a project on task and completion on time.
There is a language built around the PERT method that consists of many phrases unique to the tool. Float or slack is used to define the amount of time each specific task can be delayed and still reach the original time of completion. Other terms such as critical path, fast tracking, and lead all refer to various strategies within the method. Optimistic (O), Pessimistic (P), Most Likely Time (M), and Expected Time (TE) are used to label the required time to complete a task.
Understand how Program Evaluation and Review Technique (PERT) can help you manage even your most difficult projects.
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