Browsing All posts tagged under »PERT«

PERT Formula – 5th Edition PMBOK

October 19, 2013 by

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The Program Evaluation and Review Technique (PERT) formula or 3 point estimating is a simple and useful tool for project managers, and those who are planning to take their PMP Exam should have it memorized. There is much more to PERT as a project scheduling and planning technique than this formula, but here we’ll focus […]

The matter of estimates: analogous, bottom up, parametric and three point-PERT

January 10, 2011 by

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Schedule (Activity Duration or Activity Resource) and Cost estimating are two lynch pins for business analysis and project management. The most common estimate techniques are: analogous, bottom-up, parametric and three-point – PERT. For those pursuing a CBAP® or PMP® how to use them and whether those are mutually exclusive can become a bit confusing.  The […]

PERT Sample Questions

April 28, 2009 by

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One of the most common topics read on this blog is the PERT formula. Please see the posting “PMP Exam – PERT Formula” (posted February 6, 2009) for an explanation of this formula. To use this formula, we need three estimates—Optimistic (best-case scenario), Most Likely (realistic), and Pessimistic (worst-case scenario). We then find the average, […]

PMP Exam – PERT Formula

February 6, 2009 by

5

The Program Evaluation and Review Technique (PERT) formula is a simple and useful tool for project managers, and those who are planning to take their PMP Exam should have it memorized. There is much more to PERT as a project scheduling and planning technique than this formula, but here we’ll focus just on the formula. […]