Comments on PERT
- When a Bell curve is skewed to the left, the value of 'Mean' can be significantly higher than the 'Most Likely' estimate
- You can add the 'Most Likely' durations on a critical path to get the total most likely time. You can do the same with the 'Mean's to get a weighted average estimated time for the project
- However, to get the overall 'Standard Deviation', you must take the square root of the sum of the variances
- Other types of distribution, (triangular, square, etc) have the same approach, but different formulae
- The Bell curve is the most used because it is typically closest to real life