Dictionary of Procurement Terms

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  • Program Evaluation and Review Technique (PERT)

    Similar to the critical path method of project scheduling, PERT was developed in 1955 by the DuPont and Remington Rand companies for use in coping with complex plant maintenance problems. Now available in software applications that show time and dependency relationships between the activities that make up the total project. (Ferrell & Hirt, 2002)