A comparison between the VERT program and other methods of project duration estimation

John B Kidd

Omega, 1987, vol. 15, issue 2, 129-134

Abstract: Several authors have compared and proposed exact, asymptotic or simulation methods for estimating or deriving the duration of project networks. These authors have all concentrated on one aspect of uncertainty--time. The results of simulations obtained through the Venture Evaluation and Review Technique (VERT) are compared with those of other authors. A brief exposé of the extra facilities within VERT is also given. That is, the ability to jointly manipulate time, cost and performance measures, as well being able to specify the distribution from which to sample data upon these uncertain measures.

Date: 1987
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