Thursday, July 16, 2009

Project Management Tools

Definitions for common tools used when planning a project.

Gantt Chart
A Gantt chart is a popular bar chart that aims to show the timing of tasks or activities as they occur across time. Although the Gantt chart did not initially indicate the relationships between activities, this has become more common in current use as both timing and interdependencies between tasks can be identified.
Since the initial introduction of Gantt charts, they have become an industry standard and a key project management tool for representing the phases, tasks and activities that are scheduled as part of a project Work Breakdown Structure or timeline of activities.

PERT Chart
The Programme Evaluation and Review Technique commonly abbreviated PERT is a model for project management invented by United States Department of Defense's US Navy Special Projects Office in 1958 as part of the Polaris mobile submarine launched ballistic missile project.
PERT is basically a method for analysing the tasks involved in completing a given project, especially the time needed to complete each task and identifying the minimum time needed to complete the total project.