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What is Program Evaluation and Review Technique?
Program Evaluation is a systematic method for collecting and analysing all the information gathered about the projects and other policies and programs. These reports and information show about the effectiveness and efficiency of these programs and policies. In companies and other organizations, the stakeholders want to know the absoluteness of the funding projects they are voting for.
Program Evaluation and Review Techniques are just techniques adopted by these organizations to analyse all the data provided. They serve as a management tool to integrate and find out the details of all the events which has taken place. The main goal of these program evaluation and review techniques is to reduce the cost and time needed to complete a project.
What are the steps of Program Evaluation and Review Technique?
Program Evaluation and Review Technique and review technique was developed by the U.S Navy during the Cold War which was intended for projects which were complex, required a lot of time and effort at work. Here are the planning processes which should be kept in mind while preparing for the Program Evaluation and Review Technique.
- Identifying all the tasks given and the milestones received after completion of the individual tasks.
- Preparing a proper sequence for the tasks and keeping them in an order to avoid complex structure and solutions.
- Drawing a whole complex diagram for the activity data sequencing so that the works can be processed easily.
- Estimating the actual time which will be needed in the completion of the tasks. Optimistic time approach is kept in mind to keep the shortest time possible.
- Estimating the most critical problems and solving them as quickly and easily as possible.
- The project is also broken down into individual subjects which are treated accordingly.
- Events and all the activities are numbered in the network diagram.
What are the advantages of Program Evaluation and Review Technique?
Program Evaluation and Review Technique are the current forms of report and article evaluation which comes with a lot of advantages. Some of them are listed below in following points.
- Program Evaluation and Review Technique helps the business managers to estimate the total time and cost which will be needed to evaluate their reports and results.
- Program Evaluation and Review Technique helps the whole management to study the structure and then evaluate with their plans. They can also know which part can fit which mode of the project and later use them to plan.
- Program Evaluation and Review Technique is a systematic approach for the whole management and they can look forward by the approach. This also ensures how all the activities and works for the management can be completed in the assorted timing.
- Program Evaluation and Review Technique is a major way for increasing the efficiency of work and reducing the cost.
- Program Evaluation and Review Technique helps the management to update with the new information by all the resourcing and efficiency. Necessary steps can also be taken into account to derive meaningful work to avoid delays and interruptions.
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