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CRITICAL PATH METHOD in PROJECT MANAGEMENT | Project Scheduling Network Diagram| Operations Research 4 года назад


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CRITICAL PATH METHOD in PROJECT MANAGEMENT | Project Scheduling Network Diagram| Operations Research

The Critical Path Method (CPM) is a fundamental tool in project management and operations research, playing a pivotal role in determining a project's completion time. In project scheduling, the critical path method involves creating a network diagram that identifies the critical path, which is the sequence of tasks with the longest duration and thus dictates the overall project timeline. CPM is often used in conjunction with Program Evaluation Review Technique (PERT), and together they offer a comprehensive approach to project planning and execution. The critical path method steps include constructing a CPM network, defining task dependencies, estimating durations, and calculating the earliest and latest completion times for each task. This method helps project managers identify the activities that must be closely monitored to ensure the timely completion of the project. Additionally, CPM allows for critical path method crashing when project deadlines are at risk, enabling efficient resource allocation to expedite the project. In essence, understanding the critical path method in project management is essential for effective project scheduling, risk management, and successful project completion. #criticalpathmethod, #projectscheduling, #pmpwithray Critical Path Method in Project Management Example Problem Sheet for DOWNLOAD: https://bit.ly/3bMp1cg ___________________________________________ ►►► My BEST-SELLING online courses on UDEMY: PMP Exam Training 35 PDU Course: https://bit.ly/RAYPMP35PDU Project Management and EVM Basics: https://bit.ly/3RAtDa8 PMP Exam Mock Simulator (English): https://bit.ly/3aizDTL PMP Exam Mock Simulator (Espanol): https://bit.ly/3oznuxC ___________________________________________ ►► My recommended AGILE/PMI-ACP/CAPM Training courses on Udemy: Agile Crash Course by Valentin Despa: https://bit.ly/3KtjxTB Agile Project Management for Beginners: https://bit.ly/3kq0YoP Agile Methodology by Mauricio Rubio: https://bit.ly/3OZfvGn PMI-ACP 21 PDU Exam Prep (Andrew Ramdayal): https://bit.ly/3Oy0w5Z CAPM Exam Preparation (Andrew Ramdayal): https://bit.ly/3Bi2VgH __________________________________________ ►► My recommended Project Management Tools courses on Udemy: MS Project (Basics to Advanced): https://bit.ly/3cFh9hv Agile JIRA: https://bit.ly/3PDD5Z1 Primavera-6: https://bit.ly/3BmEIWO __________________________________________ Business inquiries: [email protected] ___________________________________________________ || Important TIMESTAMPS || 0:00 Critical Path Method Intro - Definition of Critical Path in Project Management 03:20 What is Near Critical Path? 04:52 Important concepts on CPM to solve problems 07:32 What is FLOAT/SLACK? 09:33 How to draw activities for a CPM problem? (Secret Tip#1) 11:53 My step-by-step method to solve CPM problem (Secret Tip#2) 15:49 CPM Problem#1 & Solution (**) - Critical Path 31:20 CPM Problem#2 & Solution (**) - Near Critical Path 37:39 Summary & Conclusion (**) MUST PRACTICE for EXAM! Though this video mentions ‘PMP Training’, the subject of Critical Path Method (CPM) is equally important for students in the following fields as well: • MBA/PGDM • Engineering • Operations Research • BBA/Accounting • Science Hence, students from these domains will get equally benefitted from this video. Happy learning! _______________________________________________________________________ Connect with me: • LinkedIn:   / raynilotpal   • Facebook:   / nilotpal.ray   • Twitter:   / rayarkocivil   This video talks about: critical path method,critical path method in project management,critical path,critical path method in operation research,what is critical path method,project management,critical path method cpm,critical path network,cpm critical path method,critical path method definition,pmp exam,project management fundamentals,network diagram,project scheduling,forward pass and backward pass,critical path analysis,project scheduling critical path,total float,pmpwithray

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