: Program Evaluation and Review Techniques

A PERT chart assists a project manager in analyzing a project's tasks and

estimating the time needed to finish each activity. The project manager may estimate the
least amount of time necessary to accomplish the project using this information. This data
also assists the project manager in developing a project budget and determining the
resources required to complete the project.
A PERT chart is a project management tool that shows the chronology of a
project graphically. The Program Evaluation Review Technique (PERT) deconstructs a
project's separate activities for study. Because they indicate job relationships, PERT
charts are preferred over Gantt charts, however they are typically more difficult to
comprehend. It gives analysis information on the project's activities and the estimated
time to complete each activity to Program Managers and project workers. Using this
information, a Program Manager will be able to predict the shortest amount of time
necessary to complete the project. This allows for more realistic timetables and budgets
to be created.

Advantages & Disadvantages of Using PERT in Project Management

Advantage

You may use a PERT chart to set milestones for your project. You may use the chart to
discover any potential results or problems your project may face throughout the period
between each milestone. As a result, you'll be able to rapidly address or prepare for them,
ensuring that your project stays on schedule.
Benefit: Simple Project Analysis
A project leader, a team member, or anybody else who needs to know may quickly look
at the chart to understand where a project is, how it's progressing, and what stage it's at.
This makes project management a lot easier. This is ideal, particularly in terms of
resource allocation and budgeting.
Disadvantage: Requires a lot of resources
It takes a lot of time and work to establish, develop, and maintain an effective PERT
chart. You'll need input from a number of different people and groups, and it'll take a
long time. The resource-intensive drawback of a PERT chart is easily overcome able.
Make a guideline for your department managers to follow, such as a questionnaire, before
you start constructing your chart. This manner, you can quickly gather all of the
necessary information to begin your chart.