What are PERT estimates?

What are PERT estimates?

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Article ID: iaor19962223
Country: United Kingdom
Volume: 46
Issue: 12
Start Page Number: 1498
End Page Number: 1504
Publication Date: Dec 1995
Journal: Journal of the Operational Research Society
Authors:
Keywords: project management
Abstract:

This paper questions what network parameter-estimates really are. This follows recent papers on Parkinson’s law, on the relationship with Management by Objectives, and on the historical basis on which these estimates are made. An underlying distribution is proposed that follows from these points-both a general shape and a pragmatic approximation-which can be shown to reflect behaviour found in practice, and has indeed been used in practical risk analysis.

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