PERT analysis

PERT analysis

The Shortest-Route Technique

A differentiating characteristic of PERT is its proficiency to deal with doubt in activity culmination times. For each activity, the form generally encompasses three time estimates:

Optimistic time - usually the shortest time in which the activity can be completed. It is widespread practice to identify optimistic times to be three benchmark deviations from the signify in order that there is roughly a 1% possibility that the activity will be accomplished inside the optimistic time.

Most probable time - the culmination time having the largest probability. Note that this time is distinct from the expected time.

Pessimistic time - ...