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Project Management Estimation Methods – PERT (Program Evaluation and Review Technique)

Posted by mgocean on May 26, 2009 in Estimation, Project Management |

PERT is probabilistic and stochastic in that variability is considered in the duration of each activity. It means PERT assumes that the duration of each activity is represented by a random variable with a known probability density function. (Lee D.E., 2005, pp: 310 – 318)   The PERT technique uses additional information from the estimator […]

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