Critical path method (CPM)

Critical path method (CPM)

A scheduling method based on the estimates of time required to complete activities on the critical path. The method computes early, late, and slack times for each activity in the network. It establishes a planned project duration, if one is not imposed on the project.

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Industry/Domain: Business services
Category: Project management
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Related terms

critical path method (CPM)

Business services; Project management

A schedule network analysis technique used to determine the amount of scheduling flexibility (the least amount of float) on various logical network paths in the project schedule ...

critical path method (CPM)

Business services; Project management

A scheduling method based on the estimates of time required to complete activities on the critical path. The method computes early, late, and slack times for each activity in the ...

simulation

Business services; Project management

A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the ...

project life cycle

Business services; Project management

A collection of generally sequential project phases whose names and numbers are determined by the control needs of the organization or organizations involved in the project. A ...

direct costs

Business services; Project management

The costs directly attributed to a work-scope, such as labor, material, equipment, and subcontracts, but not the cost of operations overhead and the labor, material, equipment, ...

skill

Business services; Project management

Ability to use knowledge, a developed aptitude, and/or a capability to effectively and readily execute or perform an activity.

project management (PM)

Business services; Project management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

direct labor costs

Business services; Project management

Costs accruing from expended labor excluding the bonus portion of overtime, insurances, and payroll taxes.

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