The critical path management (CPM) methodology is a popular framework for project management. It can be applied to a wide range of potential project types, including construction, product launches, software development, debugging, manufacturing, and more.
Critical path management is designed to optimize the sequence of tasks required to complete any given project. The methodology helps project managers estimate the time it will take to complete a project and shorten that timeline by calculating the critical path.
The concepts behind CPM for project management are actually quite simple. But as a beginner, you need to fully understand how CPM works before applying it to an actual project.
Once you’ve figured out the basics of critical path management, you’ll have a much easier time completing projects on time and under budget.
What is Critical Path Project Management?
Critical path management involves a scheduling procedure that identifies the sequence of tasks required to complete a given project. By identifying the key tasks and dependencies within the sequence, CPM helps you determine the fastest completion path.
CPM allows project managers to establish which activities are a top priority. Then all of the necessary resources can be allocated accordingly, ensuring the most important tasks are completed.
Any task that’s not on the critical path will be a lesser priority and can be delayed if the project team and resources have reached capacity.