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What is Program Evaluation & Review Technique?
Program Evaluation Review Technique (PERT) is a project management technique which arose from a variety of constructive projects. It assumes that a project is actually a set of tasks or activities, which can be started and ended independently of each other. These activities can be initiated and ended independently of each other.
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Why is it important?
PERT assumes that the activities included in a project are independent of each other and it is used to assess the standard deviation of the slack time and every activity. The technique was devised in the later part of the 1950s by the US Navy in order to model projects with the help of many contractors in those cases where there is a lot of uncertainty in the amount of time that will be taken by different tasks.
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