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What is PERT Estimation Method Explained about?
PERT (Program Evaluation Review Technique) is an estimation technique developed by the US Defense Department to help manage projects with high uncertainty, like missile development programs. PERT uses 3 estimates (optimistic, pessimistic, most likely) to calculate a weighted average expected duration and standard deviation for each task. This allows predicting the probabilities of completing tasks within certain time ranges and incorporating uncertainties into project schedules. PERT helps manage highly unc
- Author
- sumilogy
- Language
- EN