a project management tool used to schedule, organize and coordinate tasks within a project
used to represent a project schedule visually
network diagram that lays out the entire project timeline, including tasks and milestones
dynamic breakdown structure
divides the project into smaller tasks and identifies any constraints
a graphical representation of a project's timeline
a variety of moving parts by visualizing the dependencies between each step of the process
moving parts
developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program
an estimation of the minimum amount of time needed to complete a project
to analyze risks associated with the project
WHO
product and project managers
WHEN
at the beginning of the project
help avoid any potential bottlenecks
when you need to
determine the project's critical path in order to guarantee all deadlines are met
get started quickly
display the various interdependencies of tasks
estimate the amount of time needed to complete the project
valuate necessary resources before starting the project
WHY
YES
evaluate the time and resources necessary to a project
by tracking required assets at each stage of the process
for what-if analyses
understand all possible workflows and choose the most efficient path
includes data from various departments of organization
identify each responsible team
facilitating an environment where each department takes responsibility for its work
to invest energy in projects that will enhance its strategic positioning
make unclear deadlines more predictable
clarify dependencies between tasks
Be careful
PERT charts are subjective
success depends on the experience of the project manager
full financial position of the project is not clear
lack the flexibility to adapt to small changes that occur when confronted with a roadblock
If any calculations are inaccurate in the creation of the chart, delays could occur, causing bottlenecks and negatively impacting the final delivery date
labor-intensive, requiring additional time and resources
must be consistently reviewed and maintained
vs. Gantt chart
clearly illustrates task dependencies
HOW
Learn more
Events and more
Fast tracking is when
tasks and activities are performed simultaneously
A PERT event
the point at which one or more tasks are started or completed
A predecessor event
occurs immediately before some events
A successor event
naturally occurs after events
Slack
the amount of time a single task can be delayed without harming other tasks or the project as a whole
The critical path
is the longest or most time-consuming path from the start to the completion of an event or task
Critical path activity
refers to a task that does not experience slack
Crashing critical path
when the completion time of a task is shortened
is the longest sequence of essential tasks required to complete a project
Times
Lag time
refers to the earliest point at which a task can follow another
Lead time is
the amount of time it should take to complete a task without impacting the following activities
Expected time
the best estimation of how long a task will take to complete, taking into consideration any problems or obstacles that might arise
Optimistic time
refers to the minimum amount of time it will take to complete a task
Pessimistic time
the maximum amount of time it will take to finish a task
Most likely time
the best guess of how long a task will take, assuming no problems arise
time estimation
Learn
nodes
numbered rectangles or circles
to represent events and milestones
are connected by vectors
vectors
lines/arrows
represent the various tasks that need to be completed
direction
indicates the sequence of the task
diverging arrows
various tasks can be completed at the same time
Create
Step 1
Define all activities involved in the project
Identify project tasks. List all the individual tasks within the project and gather necessary information
Step 2
Consider any dependencies between tasks
List task dependencies. See which tasks rely on a previous task’s completion before starting
Step 3
Define project events or milestones
Draw nodes
Step 4
Use arrows or vectors to connect different nodes
Arrows represent tasks
Arrows from one task to another represent a dependent task
Add expected time frames for each phase on the vectors
Step 5
Use divergent arrows for concurrent tasks
You can also use dotted lines to show dependencies that don’t need resources
Step 6
Identify a critical path, and use different colored node outlines or a specific arrow color to visualize it
develop a realistic time frame for the project
finding the longest path
how long the entire project will take
adjust the times if circumstances change or to ensure the project is finished by its designated deadline
WHERE
your projects
to organize a complex project with a variety of moving parts by visualizing the dependencies between each step of the process