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 name=PMI2008>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 planning, scheduling and monitoring project progress. <ref name=Larson2014> Larson, E. W & Gray, C. F. (2014). <i>Project Management - The Managerial Process</i>. 6th edition, p. 161. USA: NY</ref> | 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 name=PMI2008>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 planning, scheduling and monitoring project progress. <ref name=Larson2014> Larson, E. W & Gray, C. F. (2014). <i>Project Management - The Managerial Process</i>. 6th edition, p. 161. USA: NY</ref> | ||
− | The technique developed in late 1950s uses information from the <span class="plainlinks">[https://en.wikipedia.org/wiki/Work_breakdown_structure work breakdowm structure (WBS)]</span> in a network representation to display interrelationships and dependencies between project activities that must be accomplished to complete a project. The technique is used for analyzing projects by determining the longest sequence of tasks through a project network and therefore to identify the shortest possible time to complete the entire project.<ref name=Larson2014 /> | + | The technique developed in late 1950s uses information from the <span class="plainlinks">[https://en.wikipedia.org/wiki/Work_breakdown_structure work breakdowm structure (WBS)]</span> in a network representation to display interrelationships and dependencies between project activities that must be accomplished to complete a project. The technique is used for analyzing projects by determining the longest sequence of tasks through a project network and therefore to identify the shortest possible time to complete the entire project.<ref name=Larson2014/><ref>Newbold, R.C. (1998). <i>Project Management in the Fast Lane – Applying the Theory of Constraint. USA: FL. ISBN 139781498738064</i> <ref> |
Revision as of 17:40, 8 September 2016
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 planning, scheduling and monitoring project progress. [2]
The technique developed in late 1950s uses information from the work breakdowm structure (WBS) in a network representation to display interrelationships and dependencies between project activities that must be accomplished to complete a project. The technique is used for analyzing projects by determining the longest sequence of tasks through a project network and therefore to identify the shortest possible time to complete the entire project.[2]Cite error: Closing </ref> missing for <ref> tag
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