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Analysis of PERT

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  1. Introduction
  2. The identity of the four giant DE BEERS
  3. The diamond pipeline
  4. The different diamond industries
    1. The gross diamond industry
    2. The jewelry industry
  5. The life cycle
  6. Competitive forces
  7. Developments and various strategic scenarios
    1. Possible developments in the diamond market
    2. The future of the rough diamond market
    3. The future of the jewelry market
    4. Diamond mining industry
    5. Possible strategies for De Beers
  8. Conclusion

PERT (or 'Program/Project Evaluation and Review Technique') is a technique for scheduling and controlling programs. This technique was created in the late 1950s by the U.S. Navy in order to save time during the implementation of Polaris missiles with nuclear warheads. The Polaris Project was executed with 250 suppliers, 9000 subcontractors, 6000 manufacturers and had to be completed within a seven year timeframe.

The aim of this project was to have the fastest possible nuclear missiles that could be launched from submarine dive. The army used the technique of PERT for scheduling tasks and reduced the project duration to four years.

We can put across a more precise definition: PERT is "a method of putting form in order to network multiple tasks, thanks to their reliability and chronology, they contribute to obtaining a finished product" The PERT is often synonymous with managing major and long term projects.The PERT method graphically represents a network of task whose sequence can lead to the achievement of project objectives.

Tags: PERT, Polaris Project, Management of long term projects

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