ESTIMATING PROJECT TIMELINES USING A MODIFICATION OF THE PERT METHOD.

Abstract

Systems of project management, evaluation and review technique allow us to evaluate the risk of failure to complete the entire project on time. In the construction industry, the contractor and general contractor agree on the timing of individual work. They sign an act on a completed work checking report. If the deadlines for a certain stage of work are violated, the contractor pays a fine. Thus, the real risk assessment task is different from the academic task. Indeed, it is necessary to evaluate the risks of default on time for all controlled stages of construction. In this article we describe an approach to estimating project timelines by means of a modification of the Program Evaluation and Review Technique.