What is the Critical Path Method? | CPM | Total Float | Free Float | Network Diagram | PMP Exam

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Critical Path Analysis is a systematic approach used to find the Critical Path in the Schedule Network Diagram.
Schedule Network Diagram
The graphical representation of relationship between activities is called as Schedule Network Diagram. Precedence Diagramming Method or Activity-on-Node is the most commonly used technique for drawing Network Diagram.
Critical Path
- Critical Path is the path with the longest duration.
- Duration of the Critical Path is the minimum time needed to complete a project.
- The activities on the Critical Path have the least Total Float relative to other paths
Total Float
It is the amount of time by which the Early Start of an activity can be delayed without delaying the overall project.
Free Float
It is the amount of time by which the Early Start of an activity can be delayed without delaying the Early Start of successor activities.
This lesson addresses the following
- What is Critical Path Method?
- What is Precedence Diagramming Method?
- What is Activity-on-Node?
- What is Schedule Network Diagram?
- How to draw Schedule Network Diagram?
- How to find Critical Path?
- What is Free Float?
- What is Total Float?
- What is the difference between Free Float and Total Float?
- Critical Path Questions
- Critical Path Formulas
- Critical Path Problems
Additional Lessons
1. Fixed Price Incentive Fee Contracts: • What is a Fixed Price ...
2. Firm Fixed Price Contracts: • What is a Firm Fixed P...
3. Cost Plus Incentive Fee Contracts: • Cost Plus Incentive Fe...
4. Time Value of Money: • What is Time Value of ...
5. NPV and IRR: • What is Net Present Va...
6. Benefit-Cost Ratio & ROI: • Benefit-Cost Ratio & R...
7. Straight Line Depreciation: • What is Straight Line ...
8. Double Declining Balance Depreciation: • What is Double Declini...
9. Sum Of Years Digits Depreciation: • Sum Of Years Digits De...
All the best with your PMP exam!!
#SunnySensei #PDM #CriticalPath

Опубликовано:

29 авг 2020

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Комментарии : 44

@shenawix 3 года назад

Great tutorial material, accurate and to the point, I’ve watched many before but these are the best . I hope you expand and add many more, excellent, keep the good work

@sunny.sensei 3 года назад

Thank you. Let me know if there are other topics that interest you. I would be happy to cover those in my lessons.

@shenawix 3 года назад

Thanks for your reply, yes there is a topic if you could cover it that would be great, it is Line of Balance (LOB) technique. Regards

@mark.n.jordan2517 Год назад

Probably the best video of this kind I've seen - great work!

@sunny.sensei 11 месяцев назад

Thanks for your encouraging feedback. I am happy that you found this lesson useful.

@kakulumanyelela6311 Год назад

Awesome lecture. Pjct Mngmnt made easy.

@sitimadihahtaib670 3 года назад

nice..its easy to understand

@sunny.sensei 3 года назад

I am glad that you liked the lesson.

@kanitvi514 Год назад

Thank you. Very articulately presented, comprehensive and to the point sessions.

@sunny.sensei Год назад

I am glad that you liked the lesson.

@fatinafifah8058 3 года назад

Nice video and easy to understand 👍

@sunny.sensei 3 года назад

Thank you

@jaganathan6116 3 года назад

wishing in advance that your videos will cross million views ,such a comprehensive video,Thank you.

@sunny.sensei 3 года назад

Thank you so much for your encouraging words 🙏

@nathankolandavaloo2032 3 года назад

Thank You Sunny, great tutorial and easy understanding of CPM.

@sunny.sensei 2 года назад

Thanks, Nathan.

@essimoetameenerst8100 3 года назад

wow nice video

@sunny.sensei 3 года назад

Thank you

@sitinurfaiqahbintiazlie5158 3 года назад

Well explained, easy to understand. Thank you!

@sunny.sensei 3 года назад

I am happy to know that you liked the lesson.

@Ankurkumar14680 3 года назад

Very informative, thanks a lot for ur effort and great explanation

@sunny.sensei 3 года назад

Thank you, Ankur. I am happy to know that you liked the lesson. All the best with your PMP exam!

@AbhayMamidpalliwar 3 года назад

Great Video. Thank You !

@sunny.sensei 3 года назад

Thank you, Abhay. I appreciate your kind feedback.

@humayunrizvi108 2 года назад

Very informative video perhaps one of the best I have seen on this topic. Covers everything you need to know with one case scenario that not only helps in understanding the concept but helps in retaining the concepts long after you have finished reading the EVM topic. Very useful piece of information for anyone preparing for PMP or CAPM certification examination.

@sunny.sensei 2 года назад

I am encouraged with your feedback. Thank you so much.

@Magayshibeo 3 года назад

very helpful!!!

@sunny.sensei 3 года назад

Glad it was helpful!

@musik847.1 3 года назад

Great video, thanks!

@sunny.sensei 3 года назад

Thank you for your kind feedback!

@mroyon 3 года назад

very helpful, thanks a lot.

@sunny.sensei 3 года назад

Thank you. All the best for your PMP exam!!

@naveensonkar8714 3 года назад

Awesome video. Very lucid and easy to understand. Request you to explain us about MANAGING STAKEHOLDER & ITS STRATEGIC APPROACH. Sir also it would great for us to have a case study simulating a complete project to show "How a Project leader/manager can take decision and see its consequences during the entire project life cycle, by creating (simulating) increasing levels of complexity, ambiguity, and uncertainty which may be actually faced by any project leader. Kindly consider my request and upload a case study. Thanks in advance. :)

@naveensonkar8714 3 года назад

Sir plz do something on the request i made..

@sunny.sensei 3 года назад

Thank you, Naveen, for your feedback. I am happy to know that you found the lesson useful. I have noted down your request on "Managing Stakeholders". I will look into this and hopefully, come up with a lesson. I also apologize for the delayed response. I do this as a hobby. Sometimes, it is hard to find time.

@naveensonkar8714 3 года назад

@@sunny.sensei I can understand sir..!!! Infact i have been waiting for your reply...! Thanks for reply.! :)

@mdnaiemhossain6074 2 года назад

very clear

@sunny.sensei 2 года назад

Thank you for your feedback.

@boazemmanuel8792 2 года назад

Thanks

@sunny.sensei 2 года назад

I am glad that you liked the lesson.

@erickodhiambo2058 3 года назад

what are the three conditions that a critical path must satisfy?

@TheSuris 9 месяцев назад

I got lost after the Total Float

@sunny.sensei 9 месяцев назад

Ah, it is a long lesson. Please revisit the lesson again. Hopefully, you will be able to go through all of it next time. All the best with your prep for PMP!