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

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  • Kidd, John B

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.

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  • Kidd, John B, 1987. "A comparison between the VERT program and other methods of project duration estimation," Omega, Elsevier, vol. 15(2), pages 129-134.
    • Handle: RePEc:eee:jomega:v:15:y:1987:i:2:p:129-134
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    Cited by:

    1. Golenko-Ginzburg, Dimitri & Gonik, Aharon & Laslo, Zohar, 2003. "Resource constrained scheduling simulation model for alternative stochastic network projects," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 63(2), pages 105-117.
    2. Williams, Terry, 1995. "A classified bibliography of recent research relating to project risk management," European Journal of Operational Research, Elsevier, vol. 85(1), pages 18-38, August.
    3. Williams, Terry, 1999. "Towards realism in network simulation," Omega, Elsevier, vol. 27(3), pages 305-314, June.
    4. Golenko-Ginzburg, Dimitri & Gonik, Aharon & Kesler, Shmuel, 1996. "Hierarchical decision-making model for planning and controlling stochastic projects," International Journal of Production Economics, Elsevier, vol. 46(1), pages 39-54, December.
    5. Golenko-Ginzburg, Dimitri & Gonik, Aharon, 1997. "Stochastic network project scheduling with non-consumable limited resources," International Journal of Production Economics, Elsevier, vol. 48(1), pages 29-37, January.

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