Program evaluation and review technique. The program (or project) evaluation and review technique, commonly abbreviated PERT, is a statistical tool, used in project management, which was designed to analyze and represent the tasks involved in completing a given project.
Quick Answer. According to its own website, the purpose of the World Trade Organization, WTO, is to monitor WTO trade agreements, facilitate trade negotiations, mediate trade disputes, monitor international trade policies and provide assistance to developing economies.
Why was it formed? The World Trade Organization was created for 6 main reasons; to administrate world trade agreements, to create a forum for trade negotiations between different countries, to handle trading disputes between countries, to monitor national trade policies, to provide technical assistance and training for developing countries and to cooperate with other international organizations like IMF.