PERT which stands for Program Evaluation Review Technique is a business or organizational tool that is used for managing the projects and steps included to complete the project. There are many tools and steps included in a PERT chart but most importantly; it includes scheduling, coordinating, and organizing the different steps of a project. In simple words, a PERT chart is a diagram that explains the beginning, duration, and steps included and finishing of a project.
Interestingly, these days this technique is used in businesses and organizations worldwide where back in 1950, it was originally developed by the US Marines to help schedule and organize the submarine missile programs. It was very effective at that time and the accuracy was almost 100% for the scheduling which led the corporate world to use this technique in businesses and corporations around the world.
Importance of PERT Chart:
As we have discussed above the PERT chart is an evaluation technique that is only used for project management, it means that only businesses and organizations use this technique whenever they are about to start a new project. It doesn’t matter what kind of project you want to run whether it’s a big one or a small one, you can use the PERT chart technique in almost any kind of project in different businesses. Some businesses use this chart for the entire project and managing the whole process whereas some also use it for short-term purposes i.e. just a part or step of the entire project.
Application of PERT Chart in Business:
To implement the PERT chart technique in your business, you need to go through the following processes or steps.
Here is a preview of a Free Sample PERT Chart Template created using MS Word,
Here is the download link for this PERT Chart Template,
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