Compare and contrast the Critical Path and Critical Chain methods intermsof their advantages: Project Management Assignment, UM, Malaysia
| University | University of Malaysia (UM) |
| Subject | Project Management: Survival and Success |
Compare and contrast the Critical Path and Critical Chain methods intermsof
their advantages and deficiencies to conclude on what would be the most
suitable approach to planning and delivering a Glastonbury music festival
The Critical Path and Critical Chain approaches are both utilized in project
management to effectively plan and execute projects. Let’s examine and differentiatethese methods within the context of organizing and delivering a Glastonbury musicfestival : Critical Path Method (CPM)
Benefit
i. CPM has the ability to reduce project duration and generate crucial paththat canas a road map for project execution, ensuring timely project completion. (Atin.S,2019)
ii. CPM can contribute to the temporal effectiveness and financial aspects of theproject in distinct ways. (Atin.S , 2019)
iii. CPM focuses on the planning, scheduling and control of these critical activities.
iv. (Anindita.H , 2021)
v. In CPM, one of its main purposes is to plan and set important and desiredresultsfor the project’s final completion.(Anindita.H , 2021)
Deficiencies
i. Not all projects are suitable for the critical path method due reduced usability. For instance, CPM requires and repeatable timelines(dummy activities becomesexcessive), making it unsuitable for creative projects like product designor research tasks.(J.Hutagaol,2013)
ii. CPM schedules do not consider resource constraints, equipment or labor
resource availability. Additionally, CPM fails to highlight resource duplication, potentially causing congestion and can lead to inefficient resource allocationespecially the addition of human resources (J.Hutagaol,2013)
Critical Chain Management
Benefit
i. 1.Resource-driven planning: CCM prioritizes resource availability and toguarantee the most allocation of resources.
ii. 2.Buffer management: It includes the concept of project buffers to protect against uncertainties and delays, allowing for better project control.It will also indirectlyreduce the pressure on the workforce.(Rahayu.S,2022).
Get Help By Expert
Elevate your academic achievements with our exceptional services in Malaysia assignment helper and personalized homework writing help for your Project Management assignments. We understand the challenges students face, and our dedicated experts are here to provide tailored assistance. Now, Malaysia students can easily enhance their project management skills by paying our seasoned professionals for expert guidance.
Recent Solved Questions
- Accounting Assignment, UM, Malaysia Mantera Bhd was incorporated in 2002 and the company’s core businesses are manufacturing, importing, exporting, distributing
- International Finance Assignment, SC, Malaysia The British Pound Sterling (GBP) is the fourth most popularly traded currency and the third most commonly held reserve currency
- Business Communication Essay, UiTM, Malaysia Formal and informal communication are rather distinct types of modern workplace communication
- BUS706: Finance for Managers Assignment, LIBT, Malaysia You are a senior manager in a business unit of a medium-sized enterprise, with functional management and organizational leadership responsibilities
- BM004-3-1 BCS Business Communication Report, APU, Malaysia As a newly hired Chief Social Media Manager for the head office of an international organisation
- Sports Science Assignment, CU, Malaysia Dalam konteks ini, latihan bola segar telah dikaji untuk melihat sama ada ia boleh membantu prestasi fizikal dan kemahiran
- BECE3073: Estimating and Costing Report, CUM, Malaysia Describe the construction industry structure and key players, and be able to identify the roles and responsibilities
- HMEF5103 Qualitative Research Methodology Assignment, OUM, Malaysia It is undisputed that quality teachers play an important role in student achievement. Many high-performing school
- MHRD510: Global Human Resource Management Research Paper, HU, Malaysia Expatriates are employees who leave their country of origin in order to work and reside in another country
- Statistical Decision Making Assignment, SU, Malaysia Briefly describe your chosen research area or problem statement, and identify the issues to be investigated
