Critical Path Evaluation

In: Business and Management

Submitted By nipun31
Words 260
Pages 2
The reason for creating a CPM is effective TIME planning& COST planning for project

Any project with interdependent activities can apply this method of mathematical analysis.

CPM calculates the longest path of planned activities to the end of the project, and the earliest and latest that each activity can start and finish without making the project longer.

This process determines which activities are "critical" (i.e., on the longest path) and which have "total float" (i.e., can be delayed without making the project longer).

A project can have several, parallel, near critical paths. An additional parallel path through the network with the total durations shorter than the critical path is called a sub-critical or non-critical path.

- One of the most important things to formulate a CPM is to identify the activities crucial to your project.

- We used the SDLC model to identify the list of activities for drawing out the CPM

This table shows the list of activities crucial to our project

NETWORK DIAG -1

* Networks typically flow from left to right * Arrows indicate precedence and flow

NETWORK DIAG -2

This is the 2nd non critical path for our project

NETWORK DIAG -3

* This network shows the critical path for our project * Sum total of time required for each activity along this path was the highest. * This essentially gives us an idea about the time frame of our project

After identifying the critical path you can decide to - - either fastrack your project by running the float activities parallely or Crash the project by adding more…...

Similar Documents

Critical Evaluation of Positioning Concept

...Critical Appraisal of 10 References 1.1 Butt, I., Kumar, U., Kumar, V. 2009. “Achieving alignment between manufacturing and marketing through strategy.” Indian Journal of Economics and Business. p83 http://0-go.galegroup.com.prospero.murdoch.edu.au/ps/i.do?action=interpret&id=GALE%7CA280093139&v=2.1&u=murdoch&it=r&p=AONE&sw=w&authCount=1 (accessed September 27, 2012). Summary: This article indicates that the competitive capability and success of a firm is directly linked to the manufacturing strategy and marketing objectives; which are inadvertently linked by understanding market requirements. It described positioning as the backbone of a business plan also used to combat competition in the market. Critical Evaluation: The positioning conceptual framework proposed in this article is crucial for manufacturing firm’s success. The set variables identified in the concept work in harmony and the organization’s performance are also measured and discussed. Rating: 3 out of 5 1.2 Landow, Y., 2012. “A Brand Positioning Nightmare.” Pharmaceutical Executive 32 (6): 60 – 62. http://0-search.proquest.com.prospero.murdoch.edu.au/docview/1041092781 (accessed on September 27, 2012). Summary: This article talks about a drug that has received a new indication within a short period of time and how the brand director approached an action plan to help the drug thrive in multiple targets with different needs and mindsets. Critical Evaluation: The situation in this article is......

Words: 1218 - Pages: 5

It Project Mgt Critical Path

...ProHRIS Project -Critical Path flow Critical Path expense list: A+D+Z+ZA = 10+3+15+5 = 33 A+E+F+T+Z+ZA = 10+7+10+10+15+5 = 57 A+E+F+W+Q+Z+ZA = 10+7+10+4+10+15+5 = 61 A+E+F+G+V+Z+ZA = 10+7+10+10+10+15+5 = 67 A+E+F+G+Y+Z+ZA = 10+7+10+10+7+15+5 = 64 A+E+F+G+L+Q+Z+ZA = 10+7+10+10+10+10+15+5 = 77 A+E+F+G+N+Q+Z+ZA = 10+7+10+10+15+10+15+5 = 82 A+E+F+G+P+Q+Z+ZA = 10+7+10+10+10+10+15+5 = 77 A+E+F+G+H+I+Q+Z+ZA = 10+7+10+10+10+12+10+15+5 = 89 A+E+F+G+M+Q+Z+ZA = 10+7+10+10+12+10+15+5 = 79 A+E+F+G+O+Q+Z+ZA = 10+7+10+10+12+10+15+5 = 79 A+E+F+G+J+K+Q+Z+ZA = 10+7+10+10+10+12+10+15+5 = 89 A+E+F+G+X+Q+Z+ZA = 10+7+10+10+5+10+15+5 = 72 A+E+F+S+Q+Z+ZA = 10+7+10+12+10+15+5 = 69 B+C+U+Z+ZA = 3+10+4+15+5 = 37 B+C+R+Z+ZA = 3+10+12+15+5 = 45 B+E+F+T+Z+ZA = 3+7+10+10+15+5 = 50 B+E+F+W+Q+Z+ZA = 3+7+10+4+10+15+5 = 54 B+E+F+G+V+Z+ZA = 3+7+10+10+10+15+5 = 60 B+E+F+G+Y+Z+ZA = 3+7+10+10+7+15+5 = 57 B+E+F+G+L+Q+Z+ZA = 3+7+10+10+10+10+15+5 = 70 B+E+F+G+N+Q+Z+ZA = 3+7+10+10+15+10+15+5 = 75 B+E+F+G+P+Q+Z+ZA = 3+7+10+10+10+10+15+5 = 70 B+E+F+G+H+I+Q+Z+ZA = 3+7+10+10+10+12+10+15+5 = 82 B+E+F+G+M+Q+Z+ZA = 3+7+10+10+12+10+15+5 = 72 B+E+F+G+O+Q+Z+ZA = 3+7+10+10+12+10+15+5 = 72 B+E+F+G+J+K+Q+Z+ZA = 3+7+10+10+10+12+10+15+5 = 82 B+E+F+G+X+Q+Z+ZA = 3+7+10+10+5+10+15+5 = 65 B+E+F+S+Q+Z+ZA = 3+7+10+12+10+15+5 = 62...

Words: 466 - Pages: 2

Critical Path

...Critical Path Analysis & PERT Charts Planning and scheduling more complex projects The benefit of using CPA over Gantt Charts is that Critical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time, and also identifies which tasks can be delayed for a while if resource needs to be reallocated to catch up on missed tasks. The disadvantage of CPA is that the relation of tasks to time is not as immediately obvious as with Gantt Charts. This can make them more difficult to understand for someone who is not familiar with the technique. A further benefit of Critical Path Analysis is that it helps you to identify the minimum length of time needed to complete a project. Where you need to run an accelerated project, it helps you to identify which project steps you should accelerate to complete the project within the available time. This helps you to minimize cost while still achieving your objective. As with Gantt Charts, the essential concept behind Critical Path Analysis is that you cannot start some activities until others are finished. These activities need to be completed in a sequence, with each stage being more-or-less completed before the next stage can begin. These are 'sequential' activities. Other activities are not dependent on completion of any other tasks. You can do these at any time before or after a particular stage is reached. These are non-dependent or 'parallel' tasks. Use the following steps to draw a...

Words: 1495 - Pages: 6

Critical Evaluation in Psycology

...Critical Evaluation in Psychology: Critical Evaluation: 1. Introduction 1.1 What will this handout help me with? In Psychology, students are often asked to show evidence of “critical evaluation” in their work. Many students find this difficult, and even those who are told they do it well, often do not understand what it is they are doing! This handout is designed to teach you a little about how to evaluate critically, and what it really means! It is only an introduction – with practice, you will learn to develop this important skill for yourself, and you should find that your ability to evaluate critically improves throughout your undergraduate years. 1.2 What is critical evaluation? Critical evaluation is a process of assessing the relative merit of a piece of work, which may have been presented as a journal article, in a text book, on the internet, in a radio or television article, or in just about any other format (for academic purposes, this will usually be written, but could include seminar presentations). You are being asked to decide and discuss what is good, and what is bad, about the arguments being presented to you. Critical evaluation is not about picking fault, it is about deciding how useful and worthwhile the work, methodology and the arguments presented are; deciding how much the work has contributed to your understanding, or the world’s understanding, of a topic. The crucial word is “evaluate” – to measure the value of something. You......

Words: 3057 - Pages: 13

Critical Evaluation Essay

...Critical Evaluation Essay Crystal Eastman, a 1920's feminist, expresses her thoughts on woman's rights and how if woman are given these rights it will change the way women view their position in life. While fighting for the right to vote, woman views were respected by men. Several feminists are socialists or communists, few are active leaders within the feminists movements. Many legal issues were resolved to make it easier for woman to achieve numerous professions, trades or unions that were once just for men. The future must bring in early coaching for each boy and girl. They must learn that it's both manly and feminine to provide for their family in whatever career choice they choose, and to be able to stand on their feet alone. Conjointly children should learn that it's both manly and feminine to be able to know how to cook, clean, sew, take care of themselves and their children. Eastman's article contains ethos, Pathos and Logos while discussing the argument concerning woman’s rights. Woman's rights have invariably been something society has struggled with throughout history. Eastman states in her essay “that the vast majority of women as well as men are without property, and are of necessity bread and butter slaves under a system of society which allows the very sources of life to be privately owned by few, and she counts herself a loyal solider in the working-class army that is marching to overthrow that system.”(Eastman). This statement by Eastman might......

Words: 586 - Pages: 3

Critical Evaluation of Microsoft Word

...Critical Evaluation * The main Ribbon across the top of the page On Microsoft Word 2010, it includes a ribbon along the top which consists of a horizontal row of commands the user can navigate to; with tabs such as Home, Insert, Page Layout etc. In turn, this is then split up into different buttons and other controls the user can access quickly and efficiently. Evaluating this ribbon, I have also observed that the font and size of the text is clear for the user which increases the readability. The ribbon works very successfully because, for example when you paste a picture into the document and click on it, it communicates with the system and the tab for ‘Picture Tools’ appears. Having this feature is very beneficial because it means that the user can edit the picture/graphic almost immediately. This is a very constructive feature for the user because it increases the accessibility, due to the certain groups they are broken down in and the more experienced users would be able to produce very professional documents faster when they have got used to the concise system layout. However for a new user this may take more time to navigate to the control they wish, because of the vast number of controls they are able to access. If I was to improve the ribbon along the top of the screen, I suggest breaking the tabs down even more to be more specific and increase the suitability for users, who wish to navigate to sections quickly. * Quick access toolbar Another useful......

Words: 706 - Pages: 3

Critical Path Method

...CRITICAL PATH METHOD (CEE 320 – VDC SEMINAR) 4 February 2009 Jesse Santiago & Desirae Magallon Overview Background & History CPM Defined The CPM approach Definitions Class Exercise Background & History Developed in the 1950s by the US Navy Originally, the critical path method considered only logical dependencies between terminal elements Since then, it has been expanded to allow for the inclusion of resources related to each activity, through processes called activity-based resource assignments and resource leveling. Critical Path Method for the construction industry Non-computer approach John Fondahl John Fondahl Stanford CE Professor Emeritus – 35 years Passed away last September 13th, 2008 US Marine Corps Sergeant in Iwo Jima His father was USMC LtCol Co-founder of the CEM program 1961 Paper for the US Navy – "Non-Computer Approach to the Critical Path Method for the Construction Industry" What is CPM? 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 What is CPM? The essential technique for using CPM is to construct a model of the project that includes...

Words: 803 - Pages: 4

Critical Path

...--- C 8 Days --- D 4 Days A, B E 3 Days C F 5 Days D G 5 Days E, F H 9 Days D I 12 Days G Step 1: Construct a network diagram for the project. Step 2: Answer the following questions: (15 points total) a) What is the Scheduled Completion of the Project? (5 points) 32 Days b) What is the Critical Path of the Project? (5 points) B, D, F, G, I c) What is the ES for Activity D? (1 points) Day 6 d) What is the LS for Activity G? (1 points) Day 15 e) What is the EF for Activity B? (1 points) Day 6 f) What is the LF for Activity H? (1 points) Day 32 g) What is the float for Activity I? (1 points) 0 Days Problem 2 The following data were obtained from a project to build a pressure vessel: Activity Duration Predecessors A 6 weeks --- B 6 weeks --- C 5 weeks B D 4 weeks A, C E 5 weeks B F 7 weeks D, E, G G 4 weeks B H 8 weeks F I 5 weeks G J 3 week I Step 1: Construct a network diagram for the project. Step 2: Answer the following questions: (15 points total) a) Calculate the scheduled completion time. (5 points) 30 Weeks b) Identify the critical path (6 points) B, C, D, F, H c) What is the slack time (float) for activity A? (1 points) 5 Weeks d) What is the slack time (float) for activity D? (1 points) 0 Weeks e) What is the slack time (float) for activity E? (1 points) 4 weeks e) What is the slack time (float) for activity......

Words: 619 - Pages: 3

Critical Evaluation Evidence Practice.

...following the modifications revealed 5 relevant articles from Medline, 8 from Pro Quest and 11 in Scopus. (appendix 1). Following the literature search 32 papers were selected. However on closer inspection 9 of the papers were replicated in some of the search databases. A further 19 papers were not readily available and due to time constraints were rejected. The 4 remaining papers were looked at again, in particular the references used in the papers to observe if any literature had been overlooked in the search. This “snowballing” revealed 2 more papers of which 1 was deemed relevant. In total 5 pieces of work were chosen for literature review. The 5 pieces of literature were chosen following implementation of the Critical Appraisal Tool CASP (Critical Appraisal Skills Programme). CASP uses a systematic process of questions to review chosen literature and appraise its strengths and weaknesses. Using the CASP tool, the literature was scrutinised and specific areas of the literature were looked at in more depth. Type of research/ study size/ approach used /recruitment methods/ criteria eligibility/ population studied/drop outs/limitations/characteristics of study/emerging themes. Following this process all literature identified consisted of Quantitative studies. 4 of the Quantitative studies had used Randomised Control Trials in their methodology, and the remaining piece of literature a Large Longitudinal Cohort Study. Each piece of literature was linked within the......

Words: 4731 - Pages: 19

Critical Evaluation with Authority

...3 CRITICAL EVALUATION WITH AUTHORITY The Asian Markets do business very differently to Australia, in comparison the Asian style of business is rather broad. The particularity of their business decision-making process are evident and would clash any business interactions between each other. Learning and interpreting the social custom and strategies is also crucial. It is important that Australian management recognise the significance of qualities that are remarkable to Asia and consequently is also relevant to business collaboration. The business cultural differences are enormous between Australia and Asia. While western culture is fast-paced, reluctant to slow down; in contrast, Chinese culture is very slow in decision-making; therefore, patience is imperative. Most of the time business meetings are not scheduled to discuss business, but to build a relationship. Establishing a good relationship in Asia business culture is far more important that a draft of a business contract. Schermerhorn et al. (2013).The idea of investing in China or Asia is not new. The Chinese market remains a challenging one for the Australian financial sector due to stringent regulatory limitations in many areas and cultural and business environment is considerably different from Australia. Enduring accomplishment in Asia depends on how good and fast management learns the Chinese business culture. Understanding socially, politically, and economically, how Asia does business, it is critical......

Words: 277 - Pages: 2

Critical Path

...PN 107 - 01/16/2009 - CRITICAL PATH METHOD PROGRESS SCHEDULE A. General. The progress schedule required for this project is the critical path method schedule (CPM schedule). The Contractor shall designate a Schedule Representative who shall be responsible for coordinating with the Engineer during the preparation and maintenance of the schedule. The requirements of this note replace the progress schedule requirements in 108.02.B of the Construction & Material Specifications. The contractor shall submit an interim schedule followed by a baseline schedule, or only a baseline schedule, depending on when the contractor starts work as described below. B. Interim Schedule. If the Contractor starts work within 60 days of execution of the contract, they shall submit an interim schedule. The interim schedule can be in bar chart format or CPM schedule format. The interim schedule shall include detailed activities for the work to be accomplished during the first 90 days of the Contract, and summary activities for the balance of the work. C. Baseline Schedule. The Contractor shall submit a baseline schedule within 60 days of the execution of the Contract. The baseline schedule will be in CPM schedule format and as described below. The Engineer will review the baseline schedule and will either “approve”, “approve as noted” or “reject" the schedule within 21 days of receipt. If the Engineer does not provide written notification regarding the disposition of the baseline schedule within 21......

Words: 3679 - Pages: 15

Critical Path Analysis

...Critical Path Analysis (CPA) is a project management tool that: • Sets out all the individual activities that make up a larger project. • Shows the order in which activities have to be undertaken. • Shows which activities can only take place once other activities have been completed. • Shows which activities can be undertaken simultaneously, thereby reducing the overall time taken to complete the whole project. • Shows when certain resources will be needed – for example, a crane to be hired for a building site. In order to construct a CPA, it is necessary to estimate the elapsed time for each activity – that is the time taken from commencement to completion. Then the CPA is drawn up based on dependencies such as: • The availability of labour and other resources • Lead times for delivery of materials and other services • Seasonal factors – such as dry weather required in a building project Once the CPA is drawn up, it is possible to see the CRITICAL PATH itself – this is a route through the CPA, which has no spare time (called ‘FLOAT’ or ‘slack’) in any of the activities. In other words, if there is any delay to any of the activities on the critical path, the whole project will be delayed unless the firm makes other changes to bring the project back on track. The total time along this critical path is also the minimum time in which the whole project can be completed. Some branches on the CPA may have FLOAT, which means that there is some spare time......

Words: 502 - Pages: 3

Pert and the Critical Path Method

...SIMILARITIES AND DIFFERENCES BETWEEN (PERT) AND (CPM) Critical Path Analysis and PERT are powerful tools that help you to schedule and manage complex projects. They were developed in the 1950s to control large defense projects, and have been used routinely since then. Program (Project) Evaluation and Review Technique (PERT) is a project management tool used to schedule, organize, and coordinate tasks within a project. It is basically a method to analyze the tasks involved in completing a given project, especially the time needed to complete each task, and to identify the minimum time needed to complete the total project. The Critical Path Method or Critical Path Analysis, is a mathematically based algorithm for scheduling a set of project activities.Critical path method seeks to determine the longest possible continuous pathway taken from the initial event to the terminal event. It determines the total calendar time required for the project; and, therefore, any time delays along the critical path will delay the reaching of the terminal event by at least the same amount. PERT Networks and CPM Arrow Diagramsare similar in manyways and yet take paths that are often-different:Both aresystematic ways of analyzing and planningthe components ofa program or project.Both have been used extensively byindustry and government. CPM uses activity oriented network while PERT uses event oriented network. Furthermore durations of an activity may be estimated with a fair degree of......

Words: 285 - Pages: 2

Critical Evaluation of Banking on Ebusiness

...Write critical evaluation of the following article. Submissions will be evaluated based on the thoroughness with which the topic is addressed. Paper should be three to four pages in length. Citigroup is dramatically expanding its Internet presence in an effort to approach its target of 1 billion customers By Bob Violino | | | | itigroup, the financial-services giant formed by the merger last fall of Citicorp and Travelers Group, wants to be the leader in online banking and E-commerce in the financial-services industry. It wants a piece of the major portals on the Internet. And these are part of an even bigger goal: expanding its customer base from 100 million to 1 billion by 2012, Citi's 200th anniversary. The billion-customer figure, first articulated by Citigroup in 1997, is more of a "stretch target" than a do-or-die goal, company officials say. But it reflects Citigroup's effort to broaden its influence and reach dramatically, an effort driven primarily by IT. Citigroup is preparing for the customer push with an aggressive E-business strategy that involves all aspects of its organization. The division Citigroup created two years ago to spearhead its E-commerce effort is working overtime to deploy new products and services. It's exploring radical ways to make it easier for customers to interact with the company. And Citigroup's traditional IT organization is making the infrastructure changes needed to support the company's online......

Words: 2950 - Pages: 12

Critical Evaluation

... | Writing the Critical Evaluation • Follow the APA Guidelines – APA Publication Manual of the American Psychological Association (6th Edition) – especially for referencing • Write clearly and concisely for an academic audience. • Avoid the use of direct quotes • Proofread your work! Title (on Title page) • You must have one • Should summarise the main idea of the paper simply and with style – concise statement of the main topic and should identify the actual variables or theoretical issues under investigation and the relationship between them • Recommended length 10-12 words NOTE: For our purposes, your title page should also include your name, student ID number, tutor’s name, tutorial time, and due date. See example below. |Running head: SHORT PHRASE 1 | | | |Title | | | | | |Name: | |Student ID Number: | |Tutor: | |Tutorial: | |Due Date: | The critical evaluation should include an......

Words: 1452 - Pages: 6