Project Monitoring and MILESTONES Through the PERT Analysis

This paper concentrates on monitoring projects through the PERT and MILESTONES. Complex, multilayered and distributed projects require a series of activities, some of which must be preferred sequentially and others parallely. This collection of series and parallel tasks can be modeled as a network. PERT is statistical technique applied to such a networks. In this paper we attempted to simulate the PERT networks and graphically represented the tasks along with their inter dependencies. Here project identifies the critical and non-critical tasks and evaluates the critical path to determine which tasks have an impact on the schedule. Once a project has advanced to the phase of performance, the focus shifts from the discovery to tracking and reviewing it. MILESTONES are used to track the progress of the project at different stages and the PERT chart, on continual basis. This paper integrated both these techniques for an efficient and easier monitoring. In order to reap the results of the project sooner, we gave a provision to reduce the scheduled completion time with minimum cost burden. This can be achieved by assigning more labor and resources to the various activities.