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- The Program Evaluation and Review Technique (PERT) was developed by the U.S. Navy in cooperation with the consulting firm Booz-Allen Hamilton for the Polaris missile/submarine project in 1958 to help organize the activities of 11,000+ contractors.
- Uses a weighted average approach or beta probability distribution to capture the three point estimates discussed in previous lecture (optimistic, most likely, and pessimistic) for activity duration
- The PERT weighted averages for each activity are added to the network diagram to show the start dates and finish dates for each and the final project end date
francis1897 answered the question on March 14, 2023 at 07:16
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