Gantt Charts and PERT

Gantt Charts and PERT
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Institution Affiliation
Part One
Strengths of Gantt Chart
It is used to create a picture of complexity in a project. The complex ideas are created in pictures thereby making it easy to understand.
It indicated that the project manager knows what she/he is doing.
It makes it easy for one to set a realistic time frame for the project (Williams, 2017).
It is highly visible. The visibility of the charts is a reminder of the objectives of the project.
Weaknesses
The Gantt charts require a constant update when the project is being done.
The size of bars used doesn’t show the amount of work done.
It’s not easy to display the chart on a sheet of paper. The chats can only be viewed on a computer screen with the software used to make the charts.
The Gantt chart is extraordinarily complex when doing a larger project.
In case of any mistake made when making the chart, one has to start afresh.
Strengths of PERT
The fact that it is made before the start of the project helps in determining the time and scope of the project.
It indicates the relationship between activities (Williams, 2017).
It helps in managing the task to be accomplished in the project.
It gives direction to be followed when doing the project regarding of steps.
Weaknesses
It mainly estimates the time allocation for every task which in actual sense is not accurate.
It is used in larger projects in most cases.
In my opinion, however, I would prefer the use of PERT to Gantt chart since PERT estimate time to be taken when conducting a particular task.

And also it indicates how related activities that can be done at the same time, unlike the Gantt chart that only shows the percentage of the work done.
Part Two
Some of the key factors that influence the riskiness of investment in healthcare organizations include the following;
Changing technology: Machines used in the health care are the primary form of investment made in the organization since they are very costly. But due to the change in the technology, the use of the particular machine may go down due to the invention of new and better machines. This makes it risky to invest in these machines
Joint Ventures: Healthcare organizations are mostly integrated into the functionalities and expertise that they have (Achan, 2017). The integration is as a result of the joint venture, but since there is the existence of cultural differences, the risk of effective entity operations goes high thereby making the entire investment very risky.
References
Achan, L. (2017). How Hospital Strategic Venture Investing Can Improve Returns, Reduce Risk And Improve Care. Retrieved from https://www.forbes.com/sites/leonardachan/2017/10/18/how-hospital-strategic-venture-investing-can-improve-returns-reduce-risk-and-improve-care/#4bffeea8e4fd
Williams, S. (2017). Advantages of PERT Charts vs. Gantt Charts | Lucidchart Blog. Retrieved from https://www.lucidchart.com/blog/advantages-of-pert-charts-vs-gantt-charts