What Does Program Evaluation and Review Technique (PERT) Mean?
Program evaluation and review technique (PERT) is a technique adopted by organizations to analyze and represent the activity in a project, and to illustrate the flow of events in a project. PERT is a method to evaluate and estimate the time required to complete a task within deadlines.
PERT serves as an management tool to analyze, define and integrate events. PERT also illustrates the activities and interdependencies in a project. The main goal of PERT is to reduce the cost and time needed to complete a project.
Techopedia Explains Program Evaluation and Review Technique (PERT)
PERT was developed in 1950 by the U.S. Navy during the Cold War and is intended for large projects, which are:
