Program evaluation & review technique (PERT) was first build in 1958 and 1959 to fulfill the needs of the era of increased engineering where the techniques of Gantt and Taylor was not applicable. Program evaluation & review technique was introduced by US navy in 1958 on its Polaris Weapon System. The Booz, Allen and Hamilton are the management consulting firm that assists in the development of this useful program evaluation & review technique. At that time PERT was rapidly becoming famous in almost all the industries but at the at same moment, DuPont Company started a new project of similar technique called Critical Path Method (CPM) which also becomes famous in mostly process and construction industries.
How to Create a Work Breakdown Structure | Levels & Characteristics
Work break down structure and planning always go hands to hands. For successful achievement of both contract and corporate goals, a plan is needed that specifies all attempts to be made assign responsibility to particularly specified organizational components and develops budgets & schedules for the achievement of the work. The program manager has the responsibility of preparing this plan with the assistance by the program team assigned in accordance directives of program management system. Before the initiation of the contractual efforts, the detailed planning is also developed in accordance with the budgeting policy of the company.
Project Feasibility Analysis | Importance & Scope of Feasibility Analysis
The project feasibility analysis is the process of ascertaining the viability of proposed initiative or service (project) and giving framework & guidance for its development & delivery. Sound decisions are made in this process along with the setting of direction. Project feasibility analysis include the following.
Project Planning Techniques – Importance of Project Planning
Project planning is performed to support later achievement. The path from idea to achievement is smoothened through planning techniques. Project planning is a complex procedure for management of the project and planning serves as map of this procedure. Sufficient details should be mentioned in the map about the next performing activities along with simplicity that will not confuse workers in the mixing of less important things.
Steps to Project Scope Management Process
Project scope management contains the processes that are employed to recognize all the work needed to successfully finish the project. Here sometime people confused with product scope and project scope. Product scope covers the functions & features, which included in a product or service. Effective finishing of product scope is evaluated against the requirements. On the other hand in the project scope management process, project scope covers the work that should be accomplished to provide the product with particular features and functions. Effective finishing of the project scope is evaluated against the plan.