PERT Estimation Calculator
Why Use the PERT Estimation Technique?
Theoretical Understanding:
PERT stands for Program Evaluation and Review Technique. It’s a statistical tool used in project management… (rest of explanation text) …
- Optimistic Time (O): …
- Most Likely Time (M): …
- Pessimistic Time (P): …
The PERT formula calculates a weighted average: Estimated Time = (O + 4M + P) / 6…
Practical Importance in Project Management:
In the real world, project managers constantly face uncertainty…
- Better Planning: …
- Risk Assessment: …
- Improved Scheduling: …
- Enhanced Communication: …
- Resource Allocation: …
By using this simple PERT calculator…