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The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project. PERT was originally developed by Charles E. Clark for the United States Navy in 1958; it is commonly used in conjunction with the Critical Path Method ...
PERT distribution. In probability and statistics, the PERT distributions are a family of continuous probability distributions defined by the minimum (a), most likely (b) and maximum (c) values that a variable can take. It is a transformation of the four-parameter beta distribution with an additional assumption that its expected value is.
The critical path method (CPM), or critical path analysis (CPA), is an algorithm for scheduling a set of project activities. [1] A critical path is determined by identifying the longest stretch of dependent activities and measuring the time [2] required to complete them from start to finish. It is commonly used in conjunction with the program ...
Three-point estimation. The three-point estimation technique is used in management and information systems applications for the construction of an approximate probability distribution representing the outcome of future events, based on very limited information. While the distribution used for the approximation might be a normal distribution ...
Postsecondary Education Readiness Test. The Postsecondary Education Readiness Test (PERT) is a computer adaptive test which measures a student's level of preparedness for college-level courses. The test is currently being used by all Florida high schools and the 28 members of the Florida College System. The PERT was created by McCann Associates ...
Graphical Evaluation and Review Technique. Graphical Evaluation and Review Technique (GERT) is a network analysis technique used in project management that allows probabilistic treatment both network logic and estimation of activity duration. The technique was first described in 1966 by Dr. Alan B. Pritsker of Purdue University and WW Happ. [1][2]
Business and economics portal. v. t. e. Project management is the process of supervising the work of a team to achieve all project goals within the given constraints. [1] This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. [2]
Directed acyclic graph. In mathematics, particularly graph theory, and computer science, a directed acyclic graph (DAG) is a directed graph with no directed cycles. That is, it consists of vertices and edges (also called arcs), with each edge directed from one vertex to another, such that following those directions will never form a closed loop ...