2nd question k lye pert chart( Program Evaluation Review Technique) is 100% true ans
PERT NETWORK
PERT stands for Program Evaluation Review Technique, this was a methodology that was
developed by U.S. Navy in 1950 to manage the Polaris submarine missile program.
It is commonly used in construction. Pert network is a flow chart which shows the sequence
of activities that are required to complete a project along with time or cost associated with
each.
Major difference in Gantt Chart & Pert is, in Gantt chart we have bars, here we don’t have
bars here we have diagrams.
Components of PERT Chart
Pert chart provide the details of
Events
Show end points where we have to reach
Activities
Include all the resources used to complete any project
Introduction to Business –MGT 211 VU
© Copyright Virtual University of Pakistan 167
Slack time
Represent the delay in each activity
Critical path
Pert chart is used to determine critical path of each activity & to determine maximum time consumed for each project.
PERT NETWORK
PERT stands for Program Evaluation Review Technique, this was a methodology that was
developed by U.S. Navy in 1950 to manage the Polaris submarine missile program.
It is commonly used in construction. Pert network is a flow chart which shows the sequence
of activities that are required to complete a project along with time or cost associated with
each.
Major difference in Gantt Chart & Pert is, in Gantt chart we have bars, here we don’t have
bars here we have diagrams.
Components of PERT Chart
Pert chart provide the details of
Events
Show end points where we have to reach
Activities
Include all the resources used to complete any project
Introduction to Business –MGT 211 VU
© Copyright Virtual University of Pakistan 167
Slack time
Represent the delay in each activity
Critical path
Pert chart is used to determine critical path of each activity & to determine maximum time consumed for each project.
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