PERT Analysis
PERT analysis is a simple form of quantitative risk analysis and can be applied to a schedule to help estimate the duration of a task. After the entry of optimistic, pessimistic, and expected durations for each of the tasks, Microsoft Project will calculate a weighted average of the three durations and determine a single duration estimate for each task. Gantt charts can display the results of critical path analysis taking all tasks at their optimistic, pessimistic and expected values. A button on the analysis toolbar provides access to PERT commands.
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