Tuesday, May 17, 2011

PMHUB-G PERT in Time and Cost

The PERT formula is mentioned in the 4th edition PMBOK® as a tool and technique of two processes—Estimate Activity Durations and Estimate Costs. The formula provides a weighted estimate—and the formula doesn't care if the numbers you use represent time or money—so that's why it's in both the PMBOK's Time and Cost knowledge areas.

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