Important features of Critical Path Method (CPM)
- It
is applicable to both, large and small scale projects.
- The
technique can be used in planning and controlling the project.
- It
is the technique of the economic sequence of operations in completing the
projects.
- It
is employed in projects where the minimum overall cost is of primary
importance.
- In
this technique, better utilization of resources takes place.
- It
is suitable for industrial setting, plant maintenance and civil
construction projects, etc.
- It
is useful to determine the least time required to perform routine
production operations. This ultimately helps to reduce indirect expenses.
- With
the help of Critical Path Method technique, a manager knows which of the
operations should be started after completing particular operation.
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