Large, complex business projects require thousands of separate activities and can cost millions of dollars. With such high stakes, managing these projects poses a challenge to any large organization.

Projects are time-limited efforts aimed at accomplishing specific goals. Project managers have the task of completing the project on time, on budget and with the required functionality. Before the ...

Abstract: In order to anticipate Optimistic (O), Pessimistic (P), and Most Likely (M) values, this research study introduces a novel technique to PERT (Project Evaluation and Review Technique) ...