Note the PMBOK® Guide definition is not “PERT PMP,” nor “PERT Analysis PMP,” as those are not the formal names for the technique. – Source: pmi.org/pmbok-guide-standards/lexicon See also analogous estimating, bottom-up estimating, parametric estimating, and three-point estimating. The PMBOK® Guide online lexicon provides this definition for PERT: Program Evaluation and Review Technique (PERT)Ī technique used to estimate project duration through a weighted average of optimistic, pessimistic, and most likely activity durations when there is uncertainty with the individual activity estimates. PERT has become the most used and popular method of choice among project managers due to its reliability and accuracy. PERT has been used across the globe, in many industries, and for decades. Understanding PERT for Projects: Three-Point Estimating PMP
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