Question

Critical path method is good for
1. small project only
2. large project only
3. both small and large projects equally
4. neither small nor large projects

Answer 1

Correct Answer - Option 2 : large project only

Explanation:

Critical Path:

A critical path is a sequence of interdependent activities or tasks that must be finished before the project can be finished. It is the longest path (i.e. path with the longest duration) from project start to finish.

Critical Path Method:

• The critical path method (CPM) is a project modeling technique that’s used by project managers to find important deadlines and deliver a project on time.
• In a project, the critical path is the longest distance between the start and the finish, including all the tasks and their duration.
• Once a critical path is determined, you’ll have a clear picture of the project’s actual schedule.
• To find this, project managers use the CPM algorithm to find the least amount of time necessary to complete each task with the least amount of slack.
• For small projects, managers are often able to memorize and to coordinate all of the various tasks necessary for their completion.
• For larger projects, however, with numerous activities occurring simultaneously, remembering and coordinating these activities can prove much more difficult. CPM and related tools allow managers to determine which particular tasks most affect the total time of the project and enable managers to better schedule each task so that deadlines are met at the least possible cost