Critical Path Method
The Critical Path Method (CPM) is a way to plan and run complex projects. It is a mathematical formula that helps project managers find the project’s critical path, which is the order of tasks that determines how long the whole project will take.
The critical path is found by figuring out the longest chain of tasks that must be done in order for a project to be finished on time. Each task in the project has a time limit, and the dependencies between tasks have been figured out. Using this information, the critical path is found by finding the path through the project network diagram that takes the most time overall.
By finding the critical path, project managers can focus on the tasks that are most important to the timeline of the project and make sure they are done on time. They can also find things that could slow down or stop the project and take steps to fix them.
Project managers can use the CPM because it lets them:
Plan things in the best way possible to get the most done.
Find the parts of the project that can be put off without affecting the whole schedule.
Find out what tasks must be done on time to keep the project from falling behind.
Set priorities and make sure resources are used well.
Give everyone involved a clear picture of the project’s timeline and progress.
CPM is often used in complex projects in construction, engineering, and other fields. Many software tools for project management help project managers make and manage CPM schedules. This makes it easier for project managers to use this method.
Usage
It is used in tschedule management