What is PERT : Project evaluation and review technique?
PERT stands for "Project Evaluation and Review Technique." It is a method used to analyze and manage projects that involves a series of interconnected activities or tasks. The goal of PERT is to identify the critical path of a project, which is the sequence of activities that must be completed in a specific order and within a certain time frame in order to meet the project's objectives. PERT can be used to create a schedule for the project, identify potential problems or bottlenecks, and develop contingency plans to help ensure that the project is completed on time and within budget.
Why Project evaluation and review technique (PERT) required?
PERT is used to help ensure that a project is completed efficiently and effectively. It allows project managers to identify the critical path of a project, which is the sequence of activities that must be completed in a specific order and within a certain time frame in order to meet the project's objectives. By identifying the critical path, project managers can determine which activities are most important and allocate resources accordingly. PERT also allows project managers to identify potential problems or bottlenecks that could arise during the project and develop contingency plans to address them. This helps to minimize the risk of delays or budget overruns and increases the chances of project success. Additionally, PERT can be used to create a schedule for the project, which helps to ensure that all activities are completed in a timely manner and that the project is completed on schedule.
How do you use Program Evaluation and review techniques?
PERT can be used to plan, schedule, and control a project by following these steps:
Define the project's objectives and the work that needs to be done to achieve them.
Break down the project into smaller, more manageable tasks or activities.
Determine the sequence in which the activities must be completed, and identify any dependencies between them (e.g., one task must be completed before another can begin).
Estimate the time and resources required for each activity.
Construct a PERT chart, which is a graphical representation of the project that shows the interrelationships between activities and the critical path.
Use the PERT chart to create a schedule for the project and identify potential problems or bottlenecks.
Monitor the progress of the project and make adjustments as needed to ensure that it stays on track and is completed on time and within budget.
Review and evaluate the project once it is completed to assess its success and identify any areas for improvement.
Advantages and disadvantages of project evaluation and review technique
PERT is most effective when used for projects with a well-defined scope and a clear set of activities. It may be less useful for projects that are more open-ended or that involve a large number of uncertainties.
PERT relies on the assumption that the relationships between activities are static and that the project will progress as planned. However, this may not always be the case, and the project may encounter unexpected delays or changes.
PERT may not be suitable for all types of projects, and there may be other project management techniques that are more appropriate for certain types of projects.