Program Evaluation Review Technique (PERT)

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Definition of 'Program Evaluation Review Technique (PERT)'

Program Evaluation and Review Technique (PERT) is a project management tool that helps to schedule, manage, and track the progress of a project. It is a probabilistic technique that takes into account the uncertainty of each task's duration and allows for the creation of a realistic project plan.

PERT was developed by the United States Navy in the 1950s to help manage the Polaris missile program. It is now used by a wide variety of organizations, including businesses, government agencies, and non-profit organizations.

PERT is based on the concept of a network diagram, which shows the relationships between the tasks that need to be completed in order to complete the project. The network diagram is used to create a project schedule, which shows the start and finish dates for each task.

PERT also uses a technique called "critical path analysis" to identify the tasks that are critical to the project's success. The critical path is the longest path through the network diagram, and it represents the minimum amount of time that the project can take to complete.

PERT is a valuable tool for project managers because it helps them to:

* Plan and manage projects more effectively
* Identify and mitigate risks
* Track the progress of projects
* Communicate with stakeholders

If you are a project manager, PERT is a tool that you should be familiar with. It can help you to make your projects more successful.

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