Thursday, May 3, 2012

PERT Chart


Research

                According to punmia and khandelwal PERT chart is the network technique of project planning. PERT stands for programme evaluation and rewiew techniques. This method basically develop for NAVY project purposes in 1956. PERT charts use to show oder of the process and activities.
(Punmia B.C., Khandelwal K.K., n.d)
Elements of the PERT chart
·         Activity
·         Event
(Punmia B.C., Khandelwal K.K., n.d)
According to  Mukhopadhyay  a network model that allows for randomness in activity completion times.
PERT planning involves the following steps:
  1. Identify the specific activities and milestones.
  2. Determine the proper sequence of the activities.
  3. Construct a network diagram.
  4. Estimate the time required for each activity.
  5. Determine the critical path.
  6. Update the PERT chart as the project progresses.
(Mukhopadhyay.I, 2012)

Analysis

According to Mukhopadhyay there are many advantages of creating PERT charts.
  • Expected project completion time.
  • Probability of completion before a specified date.
  • The critical path activities that directly impact the completion time.
  • The activities that have slack time and that can lend resources to critical path activities.
  • Activity start and end dates.
(Mukhopadhyay.I, 2012)

Conclusion

                According to Mukhopadhyay he shows the process of creating PERT chart. All areas of the project will be covered through this PERT chart method such as cost, time and activities ect. Main advantage of this PERT is showing the path of the project.  It  is very useful to project team because they can work according to that path.

References

·         Mukhopadhyay.I, 2012, PERT Important Points [online], Available at: http://imukhopadhyay.blogspot.com/2012/04/pert-important-points.html [Acessed on 22nd April 2012]
·         Punmia B.C., Khandelwal K.K., n.d, Project planning and control with PERT and CPM [pdf] Available at: http://books.google.lk/books?id=wtwMj_wnvgEC&printsec=frontcover&dq=PERT&hl=en&sa=X&ei=zweVT4yzAYyurAeA1dWbBQ&redir_esc=y#v=onepage&q=PERT&f=false [Acessed on 22nd April 2012]