This example illustrates the PERT statistical approach. Throughout this chapter, it has been assumed that the activity duration times are precise values determined uniquely. In practice, however, each ...

The information that goes into a PERT chart can be highly subjective. They may include unreliable data or unreasonable estimates for cost or time. PERT charts are deadline-focused and might not ...

PERT and CPM are both methods for predicting the cost and completion time of projects. PERT is usually concerned just with the time taken, while CPM looks at cost/time tradeoffs. PERT and CPM belong ...