Critical path project management is a style that outlines the critical and non-critical activities needed for the project by calculating which ones have the longest and shortest time to accomplish various tasks, project managers decide which items are critical and which ones have total float (or can be delayed without pushing back the final project deadline) by taking into account the earliest and latest a task can be finished without delaying the finish time for the entire project. To begin with, the activities on the critical path have no buffer, and any delay in the critical path activities will delay the project, thus, the critical path activities represent the highest schedule risk.
Critical Chain Project Management is the process by which responsibility for all aspects of a project are combined into one multidisciplinary function, as opposed to waterfall and agile project management, that focus more on schedules and tasks, the critical chain project management methodology is geared more towards solving resource problems, similarly, if any activity on the critical path is delayed, the completion of the project will have to be delayed by an equal amount.
Put simply, the critical path of a project is a specific sequence of tasks that must be completed on time in order for the project to meet its deadline, after reviewing the project management plan, project charter, enterprise environmental factors, and organizational process assets, the project team uses expert judgment, analytical techniques, and meetings to develop the _____. As a matter of fact, every project, large or small, needs a visionary leader who can consistently maintain the productivity which is essentially the role of project manager in a team.
Many organizations turn to project management to help manage their daily business operations, apart from individual projects, and therefore the project manager or team leader should have a complete understanding of what the project management process entails and what their respective responsibilities, thus is the critical chain method to be done after the critical path is already constructed, and the resources are factored in and the duration buffer is added, furthermore, waterfall project management uses a traditional approach towards managing projects.
Here, different phases of a project must be completed before moving onto another stage, once you have been working with the same team for a while, you can can use historical data to help choose your team and keep the project on track, correspondingly, ccpm methodology places safety margins—buffers—in the project schedule while pushing individual tasks to completion in the shortest time possible.
Unlike routine business operations that happen on a regular basis, a project has a clear start and end date, in contrast to the traditional and agile project management methods that focus on schedules and tasks, the critical chain project management methodology is all about solving resource problems, additionally, you can either pass the finish line and beat the competition, or you might stumble on the way and be left without the trophy.
Depending how far along the project is in execution, you run the risk of the work becoming routine, rote and uninteresting, agile project management method is a set of principles based on the value-centered approach, lastly, business justification or so called business case prepared for the project is one of the foundations for its implementation.
And therefore the project manager or team leader should have a complete understanding of what the project management process entails and what respective responsibilities are in relation, uniquely, you will present effective methods for organizing a project team with the right level of autonomy in making decisions, so as to maximize success.
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