Meaning of Program Evaluation and Review Technique
A management technique designed for the planning and controlling of complex industries and defense projects, PERT is utilized by constructing a network model of the integrated activities and events in a program or task, and periodically evaluating the time/cost implications as work progresses. A management tool requiring an Estimate of the expected time to complete each activity, a PERT Chart displays the interrelationship among tasks on a project, provides information to highlight trouble areas, and allows an evaluator to determine the Critical Path of events for the project.
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