THE PERT CRITICAL-PATH COST SYSTEM

Abstract

Abstract : A description is given of the PERT critical-path cost system and our experimental testing and evaluation of the IBM 7094 PERT Cost II program for potential Navy, Point Mugu use. Networks for two hardware projects, one management project, and a laboratory building project were successful. The experience gained through the use of PERT at PMR (Pacific Missile Range) indicates the following: (1) The PERT critical-path cost system for managing and allocating time and resources and evaluating performance should be established at PMR, by phasing it in, project by project. (2) Major and immediate improvement in planning and performance can be expected since this is the common experience. (3) Many present managers are generally familiar with the PERT system. This, together with the available checked -out IBM PERT Cost II computer program, will save training, programming time and cost. (4) The effort will fail without the dedicated contributions of PERT analysts and experts; routine computer report processing, review, and expediting by a computer services group; estimates and progress reviews by the performing groups; management review and action at all levels based on these networks and reports.