Program Evaluation and Review Technique (PERT) - Revision history

User at 23:53, 19 December 2022

2022-12-19T23:53:21Z

User at 23:51, 19 December 2022

2022-12-19T23:51:17Z

User at 22:26, 19 December 2022

2022-12-19T22:26:30Z

User: Created page with "'''Content Coming Soon'''"

2019-01-06T22:29:07Z

Created page with "'''Content Coming Soon'''"

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'''Content Coming Soon'''

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-[[File:PERT.png|Program Evaluation and Review Technique (PERT)]]<br />
+[[File:PERT.png|400px|Program Evaluation and Review Technique (PERT)]]<br />
 source: Corporate Finance Institute
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 '''Management''': Several other terms help define the importance, progress, and time expectation of each event or activity:
 *Critical path gives an overview of the whole project from day one to the completion date and helps define the total time in days, months, or years that your team will need to complete everything. The Critical Path Method was a separate approach developed around the same time as PERT, although the two are primarily used in conjunction with one another.
-*Critical activity is the term given to tasks that cannot over-run or take up more resources than planned. As the name denotes, a critical activity is critical to successful project completion.
+*Critical activity is the term given to tasks that cannot overrun or take up more resources than planned. As the name denotes, a critical activity is critical to successful project completion.
 *Float or slack refers to the time and resources available during the project. Free float refers to the leverage in resources you have should your team hit a delay, while negative slack refers to tasks with a resource deficit.
 *Lead time is when a predecessor event must be completed for an event to be reached.
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 *[[Project Management]]
 *[[Project Plan]]

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-== What is Program Evaluation Review Technique (PERT)? ==
+== What is Program Evaluation Review Technique (PERT)?<ref>[https://www.shopify.com/encyclopedia/program-evaluation-review-technique-pert#:~:text=The%20Program%20Evaluation%20Review%20Technique,a%20network%20in%20chart%20form. What Does Program Evaluation and Review Technique (PERT) Mean?]</ref> ==
 The Program Evaluation Review Technique, or PERT, is a visual tool used in project planning. Using the technique helps project planners identify the start and end dates and interim required tasks and timelines. The information is displayed as a network in chart form. PERT helps project planners identify:
 *Start and end dates
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 *All activities, referred to as events on the chart, that impact the completion time
 *The required sequence of events
-*The probability of completion by a certain date<ref>[https://www.shopify.com/encyclopedia/program-evaluation-review-technique-pert#:~:text=The%20Program%20Evaluation%20Review%20Technique,a%20network%20in%20chart%20form. What Does Program Evaluation and Review Technique (PERT) Mean?]</ref>
+*The probability of completion by a certain date
 A program evaluation review technique (PERT) chart is a graphical representation of a project's timeline that displays the individual tasks necessary to complete the project. As a project management tool, the PERT chart is often preferred to the Gantt chart because it identifies task dependencies. However, a PERT chart can be more difficult to interpret.
 == See Also ==

← Older revision		Revision as of 22:26, 19 December 2022
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−	'~~''Content Coming Soon'''~~	+	== What is Program Evaluation Review Technique (PERT)? ==
		+	The Program Evaluation Review Technique, or PERT, is a visual tool used in project planning. Using the technique helps project planners identify the start and end dates and interim required tasks and timelines. The information is displayed as a network in chart form. PERT helps project planners identify:
		+	*Start and end dates
		+	*Anticipated total required completion time
		+	*All activities, referred to as events on the chart, that impact the completion time
		+	*The required sequence of events
		+	*The probability of completion by a certain date<ref>[https://www.shopify.com/encyclopedia/program-evaluation-review-technique-pert#:~:text=The%20Program%20Evaluation%20Review%20Technique,a%20network%20in%20chart%20form. What Does Program Evaluation and Review Technique (PERT) Mean?]</ref>
		+
		+	A program evaluation review technique (PERT) chart is a graphical representation of a project's timeline that displays the individual tasks necessary to complete the project. As a project management tool, the PERT chart is often preferred to the Gantt chart because it identifies task dependencies. However, a PERT chart can be more difficult to interpret.
		+
		+	== See Also ==
		+	*[[Gantt Chart]]
		+	*[[Project Management]]
		+	*[[Project Plan]]