Pert project management:3 time estimates

Pert project management is a technique used for scheduling, controlling the projects.

Pert is defined as Project evaluation and review technique.

Basics of Pert project management technique

PERT uses the project network technique, critical path, activity float.
It assumes that the activities of the project and their network relationships are well defined but if allows for uncertainties in activity durations.
So pert technique is used for scheduling and controlling the projects whose activities possess considerable degrees of certainty in their performance time.
For More topics : Open Easy Home Builds Website

3 Time estimates for activities in pert project management

The following are the 3-time estimates used for each activity of the pert project management network.
  1. Optimistic time
  2. Most probable time
  3. Pessimistic time

1. Optimistic time:

Optimistic time is the minimum estimate of possible time which activity requires for its completion under ideal conditions.
Type of delay is not included in this time.
it is denoted by ‘to’.

2. Most probable time:

Most probable time is the estimate of time which an activity may take for its
completion under normal conditions.
This estimate is obtained in general by experienced, qualified engineers or foremen.
It includes few normal delays as setbacks which occur in general in executing any project.
It is denoted by the letter ‘tm’.

3. Pessimistic time

Pessimistic time is the maximum time taken by activity if there is a delay at every stage expect natural calamities.
It is the maximum  time for the activity to complete.
It is denoted by the letter ‘tp’.

48 quick steps for house construction

The expected time or average time

Expected time is the average time taken by activity if it is repeated a large number of times.
In pert project management  analysis, the expected time of an activity is taken as the weighted average of the three estimate times i.e optimistic time, most probable time, pessimistic time.
While calculating the weighted average time, it is assumed that the optimistic time (to) and pessimistic time (tp) have equal weights whereas most probable activity time ™has
four times weight as compared to the other two.
Mathematically, the expected time may be obtained by the following formula:
te =(( tp + to + 4tm) / 6)

Technical terms used in PERT project management analysis

The following terms used in this pert project management analysis.
  1. Event
  2. Activity
  3. Earliest expected time (Te)
  4. Latest allowable time (Tl)
  5. Slack
  6. Critical path

1. Event

The finish or start or of an activity is called an event.
It neither consumes time nor expenditure.

2. Activity

The actual task performance is called an activity.
It consumes both the time and resources,
It is represented by line or arrow.

3. Earliest expected time (Te)

The earliest expected completion time of the activity is equal to the sum of the expected times of the proceeding activities.

4.Latest allowable time (Tl)

The latest allowable time is the largest possible time as activity can take without delaying the final completion date of the project.

5. Slack

The difference between the earliest expected time and the latest allowable time is called slack.
Slack = Tl-Te

6. Critical path

The path of the network of a project along which there is no slack is called the critical path.

Variance and standard deviation

Variance:

Variance in statistics is defined as the average squared difference of all numbers from their mean value or average.
The calculation of variation is done by using the formula:
Vt = ((tp-to)/6)2

Standard deviation

Standard deviation in statistics is defined as the square root of variance.
The calculation of standard deviation is done by using the formula:
St = ((tp-to)/6).

What is the difference between CPM and PERT?

The following are the main differences between these networks :

S.No

PERT project management  network

CPM project management  network

1

It is basically analytic
in concept and deals with the problematic network.

It is basically
synthesising in concept and deals with deterministic network

2

In this network
it uses three-time estimates for activities linking up to two events.

In this network, an only one-time estimate is possible for activities.

3

It is an event
oriented diagram

It is an activity
oriented diagram

4

In these times
not related to cost

In these times
are related to cost

5

It is used for
research development projects and other projects involving uncertainty.

It is used for
repetitive projects such as construction project works, which are based on a
more or less suitable technology.

Related topics:

Critical path method|Project management

About Ashwini Kumar

Ashwini Kumar is a graduate in civil engineering from NIT Warangal. He has 8+ years of experience in the construction field. He is the author, founder of the Easy Home Builds blog

View all posts by Ashwini Kumar →

46 Comments on “Pert project management:3 time estimates”

  1. Simply desire to say your article is as astounding. The clarity for
    your submit is simply great and that i could suppose you’re a professional on this
    subject. Well along with your permission let
    me to seize your RSS feed to keep updated with drawing
    close post. Thank you a million and please carry on the enjoyable work.

  2. Amazing blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple tweeks would really make my blog shine. Please let me know where you got your design. Kudos

  3. This is very interesting, You are a very skilled blogger. I have joined your rss feed and look forward to seeking more of your wonderful post. Also, I’ve shared your site in my social networks!

  4. Oh my goodness! an incredible article dude. Thanks Nevertheless I’m experiencing challenge with ur rss . Don抰 know why Unable to subscribe to it. Is there anyone getting equivalent rss problem? Anyone who is aware of kindly respond. Thnkx

  5. Great beat ! I would like to apprentice while you amend your web site, how could i subscribe for a blog site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear concept

  6. Excellent post. I was checking constantly this blog and I am impressed! Very useful information specially the last part 🙂 I care for such info much. I was seeking this certain information for a long time. Thank you and good luck.

  7. Thanks for sharing superb informations. Your site is very cool. I’m impressed by the details that you’ve on this site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the info I already searched all over the place and simply couldn’t come across. What an ideal web site.

  8. Simply wish to say your article is as amazing. The clarity in your post is just cool and i could assume you are an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please carry on the enjoyable work.

  9. Thank you a lot for sharing this with all people you actually realize what you are speaking approximately! Bookmarked. Please also talk over with my website =). We could have a hyperlink change arrangement among us!

  10. Great beat ! I would like to apprentice while you amend your web site, how can i subscribe for a blog site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear concept

  11. Thanks for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such magnificent info being shared freely out there.

  12. An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  13. F*ckin’ awesome things here. I am very satisfied to peer your post. Thank you a lot and i’m looking forward to touch you. Will you kindly drop me a mail?

  14. At this time it looks like Expression Engine is the preferred blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?

  15. Have you ever thought about including a little bit more than just your articles? I mean, what you say is valuable and everything. However think about if you added some great visuals or video clips to give your posts more, “pop”! Your content is excellent but with pics and clips, this site could undeniably be one of the very best in its niche. Wonderful blog!

  16. Wow that was unusual. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say great blog!

  17. My spouse and I stumbled over here by a different page and thought I might as well check things out. I like what I see so now i’m following you. Look forward to exploring your web page repeatedly.

  18. Thanks for sharing excellent informations. Your web-site is very cool. I am impressed by the details that you have on this website. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for extra articles. You, my pal, ROCK! I found just the information I already searched all over the place and simply could not come across. What a perfect web site.

  19. Thanks for ones marvelous posting! I truly enjoyed reading it, you will be a great author.I will make certain to bookmark your blog and may come back from now on. I want to encourage you to ultimately continue your great job, have a nice morning!

  20. Thank you for another informative site. The place else could I am getting that kind of information written in such an ideal method? I’ve a challenge that I am just now working on, and I have been at the look out for such info.

  21. I don’t even know the way I finished up here, but I believed this submit was great. I do not recognize who you are however definitely you’re going to a well-known blogger when you aren’t already 😉 Cheers!

  22. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

Leave a Reply

Your email address will not be published. Required fields are marked *