Planning for a project using GERT - Rohit Bajaj - Bog

GERT (Graphical Evaluation and Review Technique) is a project management network analysis technique that provides for probabilistic handling of both net-work logic and activity time estimation. Dr. Alan B. Pritsker of Purdue University described the approach in 1966. In comparison to other techniques, GERT is only applied in complicated systems on a very uncommon basis. Nonetheless, the GERT strategy addresses the majority of the PERT/CPM technique's drawbacks. Loops between tasks are possible with GERT. The complexity of the programme (Monte Carlo simulation) required to represent the GERT system is the primary disadvantage of the GERT technique. This study uses GERT to assess a hypothet-ical R&D project, with the goal of enhancing project planning performance, de-termining project analysis, equipment, and resource requirements, and assisting project managers in modifying project strategies and setting contract rates.