Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Subject:
Project management
Submitted To:
Submitted By:
UNSA ARSHAD
Roll No:
BI589024
2
M.COM:
3rd semester
Acknowledgment:
1 Acknowledgment
2 introduction
3 History
4 Definition of term
5 Use critical path
method
6 Benefit
7 Limitation of CPM
8 Advantages of CPM
9 Disadvantages
10 Conclusion
The Critical Path Method or Critical Path Analysis, is a mathematically based algorithm
for scheduling a set of project activities.It is an important tool for effective project
management. Commonly used with all forms of projects, including construction,
software development, research projects, product development, engineering, and
plant maintenance, among others Any project with interdependent activities can
apply this method of scheduling The essential technique for using CPM is to construct.
4
A model of the project that includes the following:A list of all activities required to
complete the project(also known as Work Breakdown Structure).The time (duration)
that each activity will take to Completion.The dependencies between the activities.
problems using CPM. Since that time, a great deal of work has
been completed to improve upon all of these related
techniques, much of it by people in the computer industry.
B. Definition of Terms
CPM Diagram
8
Calculate the earliest start time, earlier finish time, latest start
time & latest finish time.
Once the activities and their sequencing have been defined, the
CPM diagram can be drawn. CPM originally was developed as
an activity on node (AON) network, but some project planners
prefer to specify the activities on the arcs.
9
The slack time for an activity is the time between its earliest and
latest start time, or between its earliest and latest finish time.
Slack is the amount of time that an activity can be delayed past
its earliest start or earliest finish without delaying the project.
USE CPM
Use the network to help plan, schedule, monitor, and control the
projectCalculate the earliest start time, earlier finish time, latest
start time & latest finish time.
3.3 BENEFITS:
Mathematically simple
disadvantages in a CPM
1. In a big project, a CPM can become extremely complicated and difficult to fathom for the
new recruits to the project team.
2. If the project is far too bulky and lengthy, the CPM requires software to monitor the plan.
3. CPM can become ineffective and difficult to manage if it is not well-defined and stable.
4. It cannot effectively handle sudden changes in the implementation of the plan on ground.
It is very difficult to redraw the entire CPM chart if the plan of the project suddenly
changes midway.
5. The CPM cannot form and control the schedules of the persons involved in the project.
6. The allocation of resources cannot be properly monitored.
7. The critical path of the CPM of a big project is not always clear. The project managers
have to spend a lot of time to calculate it carefully.
8. The CPM takes longer to identity and to monitor the critical path when the project is of
big dimension.
9. Using CPM, identifying and determining a critical path is difficult when there are many
other similar duration paths in the project.
10. At times, to design a CPM is time consuming. It is also difficult to estimate the activity
completion time in a multidimensional project.
Conclusion...
The Critical Path Method is an important tool for managing your project's schedule.
As you can see, it's not very difficult to determine it's key elements. However, once
your project has more than a few activities, critical path scheduling can become
tedious.
Luckily, today's project management software provides this information for you. So
take a few minutes and learn how to access this information from your software and
you'll soon be on top of your schedule and performing critical path analysis like a
seasoned pro.