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

• 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
• Institution: Nanyang Technological University

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...