Abstract:
A better project evaluation and review method is suggested and put to the test. By using this technique, the subjectivity and ambiguity surrounding the predicted time of the intended activity would be diminished. The three-time estimate is put through a normalcy test to achieve this. This method would improve activity time estimation’s precision and objectivity. However, when several project works were examined, the propose PERT approach generated results for activity and project durations, variances, and project duration probability that were comparable to those of traditional PERT. The goal of the paper is to eliminate the uncertainty that exists when project evaluation review technique estimates activity time. The data demonstrates that all three-time estimates are normally distributed. The unique strategy utilized in this work is the first to overcome ambiguity in activity time estimation.
Description:
Project Evaluation Review Technique (PERT) is a method used for analyzing and organizing tasks and activities in a project. It is widely used in various industries and sectors for project planning, scheduling and control. This research work introduces a simple addition to the planning tool known as the Program Evaluation Review Technique (PERT), which is used in project management. PERT has received a range of grievances and suggestions for changes since the early 1960s. Its relies on estimates, which may be arbitrary and incorrect, of the job’s duration and possibility of completion in a timely manner. This could lead to an exaggeration or underestimate of the amount of time needed to complete a job. On the basis of the aforementioned challenges, we offer a strategy to enhance the assessment of activity time.
