Consider the following statements regarding the Program Evaluation and Review Technique (PERT) 1. PERT is an event-oriented technique suitable for non-repetitive R&D projects. 2. It assumes a Beta distribution for the time estimates of activities. 3. The Expected Time (tₑ) is calculated as tₑ = (tₒ + 4tₘ + tₚ) / 6. Which of the statements given above are correct?
- A1 and 2 only
- B2 and 3 only
- C1 and 3 only
- D1, 2 and 3Correct
Solution
Concept
Program Evaluation and Review Technique (PERT)
Formula
tₑ = (tₒ + 4tₘ + tₚ) / 6
Step-by-step solution
1. Understand the three given statements regarding PERT (event-oriented nature, Beta distribution assumption, and Expected Time formula). 2. Verify that PERT is indeed an event-oriented technique for non-repetitive projects, uses a Beta distribution, and calculates expected time as tₑ = (tₒ + 4tₘ + tₚ) / 6. 3. Since all three statements are correct, select Option (d).
Explanation
All three statements are correct. PERT is designed for unique, non-repetitive projects like research and development, focusing on project events rather than routine activities. It uses a Beta probability distribution to model time uncertainty, and calculates the expected completion time using the weighted average formula (tₒ + 4tₘ + tₚ) / 6
Shortcut
To remember the main features of PERT, use the rule "PERT = Event, Beta, 1-4-1/6": - Event-oriented: Designed for non-repetitive R\&D projects focusing on events/milestones - Beta Distribution: Assumes Beta distribution for individual activity durations - 1-4-1/6 Formula: Expected time tₑ = (tₒ + 4tₘ + tₚ) / 6, where the middle/most likely time (tₘ) gets 4 times the weight
Common mistake
A common mistake is confusing PERT with CPM and incorrectly assuming PERT is activity-oriented rather than event-oriented. Another frequent error is confusing the probability distributions, as students often mistake the Beta distribution used for individual activity time estimates with the Normal distribution used for total project completion time. Additionally, students sometimes misremember the expected time formula by using an incorrect denominator or weight for the most likely time.
Correct answer: D) 1, 2 and 3