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CRITICAL PATH METHOD
Group members:-
• Mayank Jain- 541
• Pranali Patil- 542
• Vivek Khandka - 543
• Abhishek Sable- 544
• Rohan jambhulkar - 545
INTRODUCTION
 The critical path method is the sequence of activities that must be
completed on time in order for the project to be finished by its
deadline
 It helps project manager to schedule activities, allocate resources and
manage risk in a systematic and efficient way
 CPM in watch breaking down a project into individual activities or
tasks, identifying the dependencies between them, estimating their
duration and determining their criticality
 The critical path is determined by calculating the longest path of
critical activities through the project network
Benefits
 Reduce delays
 Visualize dependencies
 Improve organization
 Optimize efficiency
Limitations
 May offer a lack of flexibility.
 Greater potential for delays.
 Increased complexity.
 Reduced resource allocation.
 Great potential for misusing float
Key Steps
 Step 1: Activity specification
 Step 2: Activity sequence establishment
 Step 3: Network diagram
 Step 4: Estimates for each activity
 Step 5: Identification of the critical path
 Step 6: Critical path diagram to show project progresses
Conclusion
 Critical path identification is required for any project-
planning phase. This gives the project management the
correct completion date of the overall project and the
flexibility to float activities.
 A critical path diagram should be constantly updated with
actual information when the project progresses in order
to refine the activity length/project duration predictions.
THANK YOU

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OR presentation.pptx

  • 1. CRITICAL PATH METHOD Group members:- • Mayank Jain- 541 • Pranali Patil- 542 • Vivek Khandka - 543 • Abhishek Sable- 544 • Rohan jambhulkar - 545
  • 2. INTRODUCTION  The critical path method is the sequence of activities that must be completed on time in order for the project to be finished by its deadline  It helps project manager to schedule activities, allocate resources and manage risk in a systematic and efficient way  CPM in watch breaking down a project into individual activities or tasks, identifying the dependencies between them, estimating their duration and determining their criticality  The critical path is determined by calculating the longest path of critical activities through the project network
  • 3. Benefits  Reduce delays  Visualize dependencies  Improve organization  Optimize efficiency
  • 4. Limitations  May offer a lack of flexibility.  Greater potential for delays.  Increased complexity.  Reduced resource allocation.  Great potential for misusing float
  • 5. Key Steps  Step 1: Activity specification  Step 2: Activity sequence establishment  Step 3: Network diagram  Step 4: Estimates for each activity  Step 5: Identification of the critical path  Step 6: Critical path diagram to show project progresses
  • 6. Conclusion  Critical path identification is required for any project- planning phase. This gives the project management the correct completion date of the overall project and the flexibility to float activities.  A critical path diagram should be constantly updated with actual information when the project progresses in order to refine the activity length/project duration predictions.