What is PERT Method? What is the difference between PERT and CPM? In this video, you will learn step by step how to use PERT Chart in project management.

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00:00 - Intro
00:06 - What is a PERT Chart?
01:10 - How to estimate activity durations in PERT Method?
01:21 - Most likely estimate
01:29 - Optimistic estimate
01:33 - Pessimistic estimate
01:40 - PERT formula
01:45 - A simple example

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PERT Method (Program Evaluation Review Technique) is a common project scheduling tool that provides a visual representation of a project's work schedule. There are there estimates in PERT Method to determine the duration of activities.

• Most Likely Estimate
• Optimistic Estimate
• Pessimistic Estimate

Blow formula is used for PERT Estimate

PERT Estimate = (To + 4 x Tm + Tp)/6
And,
Standard Deviation = (Tp – To)/6

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#scheduling #planning #projectmanagement #criticalpath #ganttchart

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