Project Evaluation and Review Technique (PERT)

What do Project Evaluation and Review Technique (PERT) mean?

Project Evaluation and Review Technique commonly know as PERT, happens to be a model for project management that is specially designed to represent and analyse the entire task involved in any given project. Once you have become fully aware of all the process involved in the various stages of the project then you will have a clear idea as to what to expect from the project and the ways in which you can improve and give the best for the project. This confidence on the way to handle the project is only possible when a thorough analysis for the projects is done.

• Project Evaluation and Review Technique is primarily developed to calculate the time duration that will be taken to complete the project. The technique helps in calculating the minimum and maximum duration that is expected to complete the project by.
• The Project Evaluation and Review Technique simplify the scheduling and planning of large and complex projects. When you know the estimated time to finish the project then you can prioritize the job according to the needs.
• Project Evaluation and Review Technique (PERT) also happens to be a tool that helps in decision making process.

Advantages of using Project Evaluation and Review Technique (PERT)

• Project Evaluation and Review Technique clearly defines the visible dependencies.
• Project Evaluation and Review Technique helps in identifying the critical path of action.
• With the help of Project Evaluation and Review Technique, large amount of data can be organized and the importance of each and every stage can be clearly understood.
• Project Evaluation and Review Technique gives you a clear idea about the time taken in each and every stage of the project. By knowing these details you can prioritize the work to accommodate all the factors involved in the work.
• It is only with the help of Project Evaluation and Review Technique you come to known the order of the work involved and the time taken to go from one level of work to the other.

This event oriented technique is used in projects where time not the cost is the major factor.

Questions:

• What are the advantages of using the Project Evaluation and Review Technique?
• In what fields are they mainly used?