The Critical Path Method (CPM) in Project Management

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According to the <span class="plainlinks">[https://en.wikipedia.org/wiki/Project_Management_Institute Project Management Institute (PMI)]</span>, project management is the application of knowledge, skills, tools and techniques to project activities in order to meet project requirements and objectives. <ref>Project Management Institute. (2008). <i> A Guide to the Project Management Body of Knowledge</i>. 4th Edition. p. 6. USA.</ref> The challenging task of managing projects can be supported by an <span class="plainlinks">[https://en.wikipedia.org/wiki/Operations_research operation reserach]</span> technique called the <span class="plainlinks">[https://en.wikipedia.org/wiki/Critical_path_method <b>Critical Path Method (CPM)</b>]</span>. The CPM is a mathematically-network based algorithm in which can be used for design, planning, scheduling and monitoring project progress. <ref> Larson, E. W & Gray, C. F. (2014). <i>Project Management - The Managerial Process </i>. 6th edition, p. 161. USA: NY</ref>
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According to the <span class="plainlinks">[https://en.wikipedia.org/wiki/Project_Management_Institute Project Management Institute (PMI)]</span>, project management is the application of knowledge, skills, tools and techniques to project activities in order to meet project requirements and objectives. <ref>Project Management Institute. (2008). <i> A Guide to the Project Management Body of Knowledge</i>. 4th Edition. p. 6. USA.</ref> The challenging task of managing projects can be supported by an <span class="plainlinks">[https://en.wikipedia.org/wiki/Operations_research operation reserach]</span> technique called the <span class="plainlinks">[https://en.wikipedia.org/wiki/Critical_path_method <b>Critical Path Method (CPM)</b>]</span>. The CPM is a mathematically-network based algorithm in which can be used for design, planning, scheduling and monitoring project progress. <ref> Larson, E. W & Gray, C. F. (2014). <i>Project Management - The Managerial Process</i>. 6th edition, p. 161. USA: NY</ref>
  
  

Revision as of 14:04, 8 September 2016

I N - W O R K

According to the Project Management Institute (PMI), project management is the application of knowledge, skills, tools and techniques to project activities in order to meet project requirements and objectives. [1] The challenging task of managing projects can be supported by an operation reserach technique called the Critical Path Method (CPM). The CPM is a mathematically-network based algorithm in which can be used for design, planning, scheduling and monitoring project progress. [2]



Contents

Overview

Introduction

hello

Background

Application and use

Methodology

The Project Network

Example

Consdideration of Time-Cost trade-offs

Benefits of CPM in project planning

Limitations of CPM

References

  1. Project Management Institute. (2008). A Guide to the Project Management Body of Knowledge. 4th Edition. p. 6. USA.
  2. Larson, E. W & Gray, C. F. (2014). Project Management - The Managerial Process. 6th edition, p. 161. USA: NY
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