This example illustrates the PERT statistical approach. Throughout this chapter, it has been assumed that the activity duration times are precise values determined uniquely. In practice, however, each ...

Large, complex business projects require thousands of separate activities and can cost millions of dollars. With such high stakes, managing these projects poses a challenge to any large organization.

The current PERT definition is "Program Evaluation and Review Technique." Created by the United States Navy after World War II, PERT has become a popular management strategy for handling large-scale, ...

(This material is not covered in Fraser, Bernhardt and Jewkes. A good reference text is Hillier and Lieberman, ``Introduction to Operations Research'', published by Holden-Day; the fourth edition of ...