The Critical Path Method (CPM) in Project Management

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According to <span class="plainlinks">[https://en.wikipedia.org/wiki/Project_Management_Institute The 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 goals. <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 <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 for scheduling a set of project activities.   
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According to <span class="plainlinks">[https://en.wikipedia.org/wiki/Project_Management_Institute the 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 goals. <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 <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 for scheduling a set of project activities.   
  
  

Revision as of 12:36, 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 goals. [1] The challenging task of managing projects can be supported by operation reserach technique called the Critical Path Method (CPM). The CPM is a mathematically-network based algorithm for scheduling a set of project activities.



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.
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