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Critical Path Method
| Critical Path Method (CPM) is an
effective tool for scheduling the activities of a complex Project.
It was developed by the Dupont corporation in 1957.
In CPM, the project is modeled as a network
showing the relationship between different activities and events of
the project. The network diagram is drawn with activity-on-arrow
(A-O-A). In A-O-A network the events are represented by nodes,
whereas the arrows represent the activities. A work breakdown
structure (WBS) is essential to develop before the network, where
the whole project is divided into smaller sub-projects which are
further divided into smaller activities. The duration of activities
and the precedence (dependence of one activity over the other)
relation between the activities is required to be known before
developing the network .
CPM helps to find out the duration of the
project. It tells about critical activities which should be
completed on time otherwise the project will be delayed.
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It is important to know following four
parameters for each activity;
1. EST = earliest start time
2.
EFT = earliest finish time
3.
LFT = latest finish time
4.
LST = latest start time
The critical path is the longest-duration path
in the network. The total float or slack of all the activities along
the critical path must be zero. Total float is the difference
between latest and earliest start times of the activity (it is also
equal to the difference of latest and earliest finish times of the
activity).
CPM is a deterministic model which does not
take into account the uncertainties in the project completion time.
A tool which considers the uncertainties in the project is known as
PERT
(Program Evaluation and review Technique). |
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Last updated on
Monday November 23, 2009
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