Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.

This study was done to investigate the criticisms that PERT has received from researchers. The assumptions made in the procedures seem to cause the inaccurate results that users often get. A number of modifications have been made to the original procedure, resulting in methods like PNET. These circu...

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Main Authors:	Lim, Soon Chung., Ng, John Teck Huat., Sia, Yee Boon.
Other Authors:	Walker, John
Format:	Final Year Project
Published:	2008
Subjects:	DRNTU::Business::Management::Mathematical models
Online Access:	http://hdl.handle.net/10356/10717
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Institution:	Nanyang Technological University

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record_format	dspace
spelling	sg-ntu-dr.10356-107172023-05-19T06:09:01Z Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation. Lim, Soon Chung. Ng, John Teck Huat. Sia, Yee Boon. Walker, John Nanyang Business School DRNTU::Business::Management::Mathematical models This study was done to investigate the criticisms that PERT has received from researchers. The assumptions made in the procedures seem to cause the inaccurate results that users often get. A number of modifications have been made to the original procedure, resulting in methods like PNET. These circumvent the inherent deficiencies in the original method and give more accurate results. It is also possible to employ Monte Carlo simulation as an alternative to the original PERT method. 2008-09-24T07:46:46Z 2008-09-24T07:46:46Z 1999 1999 Final Year Project (FYP) http://hdl.handle.net/10356/10717 Nanyang Technological University application/pdf
institution	Nanyang Technological University
building	NTU Library
continent	Asia
country	Singapore Singapore
content_provider	NTU Library
collection	DR-NTU
topic	DRNTU::Business::Management::Mathematical models
spellingShingle	DRNTU::Business::Management::Mathematical models Lim, Soon Chung. Ng, John Teck Huat. Sia, Yee Boon. Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.
description	This study was done to investigate the criticisms that PERT has received from researchers. The assumptions made in the procedures seem to cause the inaccurate results that users often get. A number of modifications have been made to the original procedure, resulting in methods like PNET. These circumvent the inherent deficiencies in the original method and give more accurate results. It is also possible to employ Monte Carlo simulation as an alternative to the original PERT method.
author2	Walker, John
author_facet	Walker, John Lim, Soon Chung. Ng, John Teck Huat. Sia, Yee Boon.
format	Final Year Project
author	Lim, Soon Chung. Ng, John Teck Huat. Sia, Yee Boon.
author_sort	Lim, Soon Chung.
title	Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.
title_short	Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.
title_full	Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.
title_fullStr	Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.
title_full_unstemmed	Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.
title_sort	evaluation of program evaluation and review technique (pert) for project management using monte carlo simulation.
publishDate	2008
url	http://hdl.handle.net/10356/10717
_version_	1770563828962033664

Evaluation of Program Evaluation and Review Technique (PERT) for project management using Monte Carlo Simulation.

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