The document discusses the Program Evaluation and Review Technique (PERT), which uses three time estimates (optimistic, most likely, and pessimistic) to assess project duration. It explains how to calculate expected time and variance for project activities, as well as how to determine the probability of completing a project by a specified date using normal probability distribution. An example illustrates the calculation of expected times, variances, and the probability of finishing a project in 35 weeks, resulting in a 19.22% chance of completion.