The current PERT definition is "Program Evaluation and Review Technique." Created by the United States Navy after World War II, PERT has become a popular management strategy for handling large-scale, ...

Large, complex business projects require thousands of separate activities and can cost millions of dollars. With such high stakes, managing these projects poses a challenge to any large organization.

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Suzanne is a ...

This is generally viewed as the “most likely” estimate.In many cases you can be more accurate by applying a simple PERT (Program Evaluation and Review Technique) model. PERT is an estimating technique ...

The critical path method (CPM) is the scheduling method upon which most new product development schedules are based. It was developed in 1957 by DuPont to assist in managing a series of well-scripted, ...