PERT is a three time estimate and gives more weightage toQuestion 3Answera.Optimistic timeb.Most likely timec.Pessimistic timed.Expected time
Question
PERT is a three time estimate and gives more weightage to
Question
- a. Optimistic time
- b. Most likely time
- c. Pessimistic time
- d. Expected time
Solution
The PERT (Program Evaluation and Review Technique) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project. It involves three time estimates:
- Optimistic time (O): the minimum possible time required to accomplish a task, assuming everything proceeds better than is normally expected.
- Pessimistic time (P): the maximum possible time required to accomplish a task, assuming everything goes wrong (but excluding major catastrophes).
- Most likely time (M): the best estimate of the time required to accomplish a task, assuming everything proceeds as normal.
The expected time (T) for each activity is calculated using the formula:
T = (O + 4M + P) / 6
So, PERT gives more weightage to the Most Likely Time (M).
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