The Critical Path Method (CPM) in Project Management

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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 designing, planning, scheduling and monitoring project progress. [2]



Contents

Overview

Introduction

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Background

Application and use

Methodology

The Project Network

Example

Consdideration of Time-Cost trade-offs

Once the critical path and timeing of activities has been identified - the next question is if it is possible to shorten the project in order to finish within a certein deadline.

Here is maybe possible to do an example of project crashing.

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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