Critical Path Method (CPM) is a project management technique used to identify the sequence of activities that must be completed in order to complete a project on time. It is a mathematical algorithm that helps project managers determine the most efficient way to complete a project by analyzing the dependencies between tasks and their duration. CPM can also be used to identify potential risks and delays in the project timeline.
The CPM process begins with the identification of all tasks required to complete the project. Each task is then assigned an estimated duration, which is used to calculate the earliest possible start and finish dates for each task. The dependencies between tasks are then identified, which allows the project manager to determine which tasks must be completed before others can begin. Once this information has been gathered, it is used to create a network diagram that shows the sequence of tasks and their associated durations.
Using CPM provides several benefits for project managers. It allows them to quickly identify potential risks and delays in the timeline, as well as identify any critical tasks that must be completed in order for the project to stay on track. Additionally, CPM can help reduce costs by allowing project managers to identify areas where resources can be allocated more efficiently.