This video describes the PERT-Project Evaluation and Review Technique in project management. CPM and PERT are two different techniques but, PERT uses a probabilistic approach, which requires a duration frequency distribution for each activity. In most cases, such distributions are unknown or unavailable. Because of this, PERT requires the user to set three durations that constitute the practical range of the duration for each activity.
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Other videos on project management can be viewed from these links:
What is Activity on Arrow diagram method | AOA diagram method
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How to draw a Network diagram | Activity on arrow diagram method | CPM steps Part 1
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How to draw a Network diagram | Activity on arrow diagram method | CPM steps Part 2
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What are stakeholders
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Activity on node diagram
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Activity on arrow diagram
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Network scheduling part 1 and part 2
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Work breakdown structure
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Planning and scheduling in construction
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Project stakeholder management
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