Business Terms and Jargon Explained

What is PERT chart

(Programme Evaluation and Review Technique) A project management technique for determining how much time a project needs before it can be completed. Each activity is assigned a best, worst and most probably completion time estimate. These estimates are then used to determine the average completion time. The average times are used to calculate the critical path and the standard deviation of completion times for the whole project.

Crown Copyright. Material taken from the DTI - Department for Trade and Industry. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-04-18 06:20:26

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