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(1) The project consists of a well-defined collection of jobs (or activities) which, when completed, mark the end of the project.
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Scheduling ship construction and repairs.Research and engineering design projects.Installing and debugging a computer system.The construction of a building (or a highway).Widely diverse kinds of projects lend themselves to analysis by CPM, as is suggested in the following list of applications: In essence, the tool provides a means of determining (2) which jobs or activities, of the many that comprise a project, are “critical” in their effect on total project time, and (2) how best to schedule all jobs in the project in order to meet a target date at minimum cost. Recently added to the growing assortment of quantitative tools for business decision making is the Critical Path Method-a powerful but basically simple technique for analyzing, planning, and scheduling large, complex projects.
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