PERT | Calculate the project variance | Program Evaluation and Review Techniques

Описание к видео PERT | Calculate the project variance | Program Evaluation and Review Techniques

In this video, you will learn how to calculate the project variance and standard deviation .

PERT is used for R&D and Defence , where estimation becomes a challenge.
The following steps are followed :
1. Calculate the Time Estimate
2.Draw the project network
3. Identify the critical path
4. calculate the variance and Standard deviation of the critical activities
5. Calculate the probability of completing the completing the project for the estimated time.
#PERT #projectscheduling #Probability #standarddeviation #zscore #normaldistribution

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