Critical Path Method steps for completing a project planning
- It is necessary to break up the project work
into various activities.
- It is necessary to label all these activities.
- All the activities should be arranged in a
logical sequences.
- Arrow diagrams need to be prepared.
- All the nodes (events) and activities have to be
serialized and numbered.
- The time required for each activity has to be
calculated.
- It is necessary to work the activity times on
the arrows diagrams.
- It is also necessary to calculate early and late
start and finish timings.
- It is necessary to tabulate the timmings and
make the earliest start time (E.S.T.) and the latest finish time (L.F.T.) on
the arrow diagram.
- The float of each activity needs to be
calculated.
- It is necessary to identify the critical
activities and critical path on the arrow diagram should be marked.
- It is possible that one can calculate the total
project time duration.
- It is possible to reduce the total project time
duration, by crashing the critical activities of the network.
- It is necessary to optimize the cost.
- It is necessary to bring the network up to date.
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