CRITICAL PATH METHOD in PROJECT MANAGEMENT | Project Scheduling Network Diagram| Operations Research

The Critical Path Method (CPM) is a fundamental tool in project management and operations research, playing a pivotal role in determining a project's completion time. In project scheduling, the critical path method involves creating a network diagram that identifies the critical path, which is the sequence of tasks with the longest duration and thus dictates the overall project timeline. CPM is often used in conjunction with Program Evaluation Review Technique (PERT), and together they offer a comprehensive approach to project planning and execution. The critical path method steps include constructing a CPM network, defining task dependencies, estimating durations, and calculating the earliest and latest completion times for each task. This method helps project managers identify the activities that must be closely monitored to ensure the timely completion of the project. Additionally, CPM allows for critical path method crashing when project deadlines are at risk, enabling efficient resource allocation to expedite the project. In essence, understanding the critical path method in project management is essential for effective project scheduling, risk management, and successful project completion.

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|| Important TIMESTAMPS ||

0:00 Critical Path Method Intro - Definition of Critical Path in Project Management
03:20 What is Near Critical Path?
04:52 Important concepts on CPM to solve problems
07:32 What is FLOAT/SLACK?
09:33 How to draw activities for a CPM problem? (Secret Tip#1)
11:53 My step-by-step method to solve CPM problem (Secret Tip#2)
15:49 CPM Problem#1 & Solution (**) - Critical Path
31:20 CPM Problem#2 & Solution (**) - Near Critical Path
37:39 Summary & Conclusion

(**) MUST PRACTICE for EXAM!

Though this video mentions ‘PMP Training’, the subject of Critical Path Method (CPM) is equally important for students in the following fields as well:
• MBA/PGDM
• Engineering
• Operations Research
• BBA/Accounting
• Science
Hence, students from these domains will get equally benefitted from this video. Happy learning!
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[SuperSeshu]

"Ray of Hope" to the PMP Aspirants!!!

[ashwinkumarhits]

Can't get any simpler than this. Crystal clear presentation. Thanks a lot Ray!

[meesumhussainpanhwar]

excellent way of briefing and clearing concepts regarding the topic

[ihabjalal]

thank you ray..god bless you for your effort and understanding..

[dspc]

I have successfully cleared my PMP in first attempt. Many thanks for your videos. I was able to fill my knowledge gaps in an effective way and in short Time.

[QoW_]

Beautiful done.. I am a person who is always scared of math or diagrams..This was explained very well Ray.. Thank you ..

[klnshenoy]

Super way of explaining. Found other videos by other creators to be way more complicated which caused me to worry like hell how will i memorize it and then found this video which made it so easy!!!

[deepakd]

Dear Ray, making something simple is harder than complex. You have nailed it and i must congratulate you that your video's are truly making difficult things easy for many. Keep up the good work!

[vpyt]

Brilliantly explained! Thank you, Ray.

[arnabbose]

The most soothing part is we can focus on the Learning without any clutter..

[priyankachoubey]

I was really finding it difficult to understand CPM and Float but after watching it I realize it's an easy concept. thank you for making it so easy :)

[afghnqx]

Amazing, that was seamlessly easy to understand.

[dorinemutandamukoya]

Thanks so much Ray. You made CPM easy-peasy!

[moodthc]

this 100% helped me out, thank you for this video!

[nineeshalewis]

Best explanation of the Critical Path Method Iv'e ever come across! Thank you so much Ray!! Great content! !♡

[aleksandargrubac]

Genious! This video saved me 7 days of studying. 👍👍👍

[QoW_]

Recommending your channel to my friends/colleagues who are planning on taking up PMP this year

[MrSelfsurgery]

Ray, I was having a hard time understanding CPM; this video just simplified my understanding of this method 180%! I'm beyond excited to clearly understand a concept. Thank you very much!

[rishikakundu]

Thank you for the wonderful explanation.You made it so easy to understand.

[umamaheshwariswaminathan]

Clear explanation and well demonstrated with network diagram and solving the question, I tried many times earlier to understand CPM concept, now I understood clearly after watching this video. Extremely helpful. Thanks again!