What is a PERT Chart? Project Management in Under 5

The video tutorial explains the PERT chart, a network chart methodology developed in the 1950s by the US Navy and Booz Allen Hamilton. It compares PERT with the critical path method, highlighting that PERT uses a three-point estimation for task durations, unlike the single-point estimate in the critical path method. The tutorial details how to calculate average durations and standard deviations using PERT, emphasizing the use of modern software for project estimation. It concludes by advocating for the broader use of PERT while cautioning against over-reliance on its estimates.

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