The paper "The Application of Critical Path Method " is an outstanding example of management coursework. This report is about Project management and planning which is a very vital initial stage in achieving the intended purpose of the project since it gives the entire project a reasonable direction. There are different types of resources that should be planned and managed in order for the project to be economically and resource-wise to be optimized. These resources include finances, human labour, materials and most importantly, time. A well-planned project will create room for sharing resources and also allows for maximum accountability between the project manager and the project team (Heerkens, 2002).
It also enhances sufficient employee expertise since the labour resource team can plan their assignments in order to get ample time in developing and sharpening their skills. The reliability of a project is one aspect that planning takes care of very well since it helps the project manager and the contractor to estimate the duration of completing the whole or part of the project within a given financial budget. Most projects that are not well planned and executed may stall for very long periods of time due to poor resource utilisation and allocation.
It is upon this background that optimization becomes imperative so that the project can be completed within the allocated resources and in the shortest time possible. To do this, an efficient and reliable network scheduling technique is used. One such technique is the Critical Path Method (CPM) that helps in breaking down the work and transforms it into a structure of network presentation ((Heerkens, 2002). The aim of this method is to provide an effective and efficient schedule plan for the project and to determine the projects’ critical activities and the number of resources needed for the execution of the project's main tasks as scheduled. 2.0.
Methodology and Results The solution to the problems in the Infrastructure Division (ID) and Transport Division (TD) projects in this report requires the application of the network scheduling techniques that will help in deciding how the resources are utilised and allocated with the aim of achieving cost and time objectives. The application of the Critical Path Method (CPM) to these two scenarios will help in making decisions like Slacks in activities, The interdependence of activities, Time delays and The most probable time the project will be completed.
HEERKENS, G. (2002). Project management. New York, McGraw-Hill.