Definition:
A Pert chart is a project management tool used to schedule, organize, and coordinate tasks within a project. Pert stands for Program Evaluation Review Technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program.
Further Reading:
Book: kanban Maturity Model by Teodora Bozheva, David J. Anderson
Definition:
In business and for engineering economics in both industrial engineering and civil engineering practice, the minimum acceptable rate of return, often abbreviated MARR, or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other projects. A synonym seen in many contexts is minimum attractive rate of return.
Further Reading:
Book: kanban Maturity Model by Teodora Bozheva, David J. Anderson
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