The article introduces the PERT method as a valuable technique for project estimation to avoid frustrations for clients and manage expectations effectively. PERT, or Program Evaluation Review Technique, emerged in the 1950s and utilizes a network diagram to outline project activities and their interdependencies. Compared to the Critical Path Method (CPM), which uses one best-time estimate, PERT incorporates probabilistic estimates, providing a more realistic timeline for unpredictable projects. This method helps account for potential delays caused by various unforeseen factors, ensuring better planning and client satisfaction.
More realistic project estimates help manage client expectations, minimizing frustrations while maximizing efficiency and maintaining a continuous flow of repeat business and referrals.
By mapping out each activity, its dependencies, and variability in time estimates, PERT enables a comprehensive view of project timelines.
The PERT method accounts for uncertainties and potential pitfalls in projects, enhancing accuracy in time estimations and fostering stronger client relations.
Using a probabilistic approach, PERT incorporates multiple time estimates, allowing for better risk management compared to traditional deterministic methods.
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