Critical Path Method Flashcard

Front

What is the Critical Path Method (CPM) used for?

Back

Analyzing, planning, and scheduling large, complex projects

Front

Which of the following is an essential characteristic for analysis by CPM?
Jobs that must be performed in technological sequence, Continuous-flow process activities, Jobs that cannot be started and stopped independently, Jobs that do not have a well-defined collection

Back

Jobs that must be performed in technological sequence

Front

What is the critical path in a project?

Back

The longest path in time from Start to Finish

Front

What is the purpose of finding ways to shorten jobs along the critical path?

Back

To reduce the over-all project time

Front

What is the significance of total slack in the Critical Path Method?

Back

It represents the maximum amount of time a job can be delayed without delaying the project

Front

What is the main advantage of using CPM for decision making?

Back

It focuses attention on the small subset of jobs that are critical to project completion time.

Front

What is the purpose of the SPAR program in CPM?

Back

To schedule projects having limited resources

Front

What is a recent version of PERT called?

Back

PERT/COST

Front

What is the purpose of including economic factors in the analysis of CPM?

Back

To select an optimum schedule based on total project costs

Front

What is the significance of free slack in the Critical Path Method?

Back

It is the amount a job can be delayed without delaying the early start of any other job.