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Business Definition for: Critical Path Method (CPM)
Critical Path Method (CPM)
technique in Program Evaluation And Review Technique (PERT) that uses a single time estimate for each activity, rather than three time estimates-optimistic, most likely, and pessimistic. The primary objective of CPM is to identify the critical path for a project.
Critical Path Method (CPM)
planning and control technique that optimizes the order of steps in a process given the costs associated with each step. Manufacturing industry uses CPM to plan and control the complete process of material deliveries, paperwork, inspections, and production.
Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
