PERT - Programme Evaluation and Review Techniques - Lecture 8 in Network Analysis

Welcome to Lecture 8 of our Network Analysis series, where we dive into the world of efficiency and precision with Programme Evaluation and Review Techniques (PERT). In this session, we explore the intricacies of PERT, a powerful method for project management and network analysis.
🔍 Key Topics Explored:
Understanding PERT in Project Management
Application of PERT Techniques in Network Analysis
Step-by-Step Guide to Implementing PERT for Enhanced Project Planning
🌐 Unraveling PERT's Significance:
PERT is a dynamic method that plays a pivotal role in project management, offering a structured approach to evaluate and review project timelines. In this lecture, we unravel the significance of PERT and how it enhances the efficiency of project planning.
🔢 Application of PERT Techniques:
Explore the practical application of PERT techniques in network analysis. From identifying critical tasks to managing uncertainties, PERT provides a comprehensive framework for project managers and teams seeking to streamline project timelines and resources.
📐 Step-by-Step Guide to Implementing PERT:
Mastering PERT involves a systematic approach to project planning. Join us as we provide a step-by-step guide to implementing PERT, empowering you with the skills to optimize project schedules, allocate resources efficiently, and navigate uncertainties effectively.
💡 Who Should Watch:
Project managers, planners, and schedulers
Students studying project management, network analysis, or related fields
Professionals aiming to enhance project planning and scheduling skills
🚀 What's Next in the Series:
As we delve into the intricacies of PERT in Lecture 8, stay tuned for upcoming sessions where we'll explore advanced topics, practical applications, and hands-on exercises to further elevate your skills in network analysis.
📚 Recommended Resources:
Explore additional resources to deepen your understanding of PERT and project management. Whether you're looking for textbooks, online courses, or software tools, we'll guide you towards valuable materials to complement your learning journey.
🌐 Conclusion:
Lecture 8 is your gateway to mastering efficiency through the implementation of Programme Evaluation and Review Techniques (PERT). Whether you're a seasoned project manager or a student eager to delve into the intricacies of network analysis, this session equips you with valuable tools for enhancing project success. Like, share, and subscribe for more insights as we navigate the intricate world of Network Analysis together! 💻🌐🔗

[@gvvivekanandh2408]

Well explained Madam. Thank you

[@angelmukhiya6087]

Thanks alot

[@adventureculture]

thank you maaam

[@vishnukumawat841]

When my value of z = -1 so what will be my answer

[@shreyadubey3137]

Mam university exam me z table nhi diya hoga to kaise krenge ?

[@sagargarud9422]

why did you add 0.50 in the table value of Z while calculating project completion probability at the end of this video?

[@financebyratika]

Note, z can be positive (when the time given is more than the average time) and can be negative (when the time given is less than the average time), but the probability or area will always be positive (minimum 0, maximum 1)
If the z value is positive, add 0.5 to the table value (obtained from z table with areas given from the centerline) to calculate probability and in case z value is negative, subtract the table value to calculate probabilities. so here your z is positive as critical path duration is 29 and in question your project completion time is 30 weeks.