MGMT645CRITICAL PATH VS. CRITICAL CHAIN PAPER ASSIGNMENT INSTRUCTIONSINSTRUCTIONSWritten Assignment 1. Week 3 After reading Chapters 3 & 4 in your MH Create Text craft a short paper comparing...

Question 1
The critical path method (CPM) is a project management technique used that can help in finding the longest path for the dependent task in the project, and the amount of slack or float available for each task. The critical path is the longest path of dependent tasks in a project, and it represents the minimum time in which a project can be completed. It is the sequence for determining the time that is needed for completing the project. It is the sequence that include tasks in the project for determining the minimum duration required for completing the task (Tomar & Bansal, 2019). It is the longest path of dependent tasks that must be completed on schedule for the project to be completed on time. The critical path includes all the tasks that have zero float, it means that the task can be delayed according to buffer time but this will cause any effect on the timeline of the complete project. It is determined by the analysis of the schedule of the project and it can help in identification of tasks that are dependent on each other. It is important for finding the longest sequence for the dependent task.
Critical Chain is a project management method that uses the concepts of the critical path method and applies buffers to manage the impact of uncertainty on the project's schedule. The critical chain in the project is the longest sequence of tasks, including both critical and non-critical tasks, but it takes into account the impact of uncertainty on the project schedule. The critical chain method uses buffers to manage the impact of uncertainty on the project's schedule, and it is particularly useful for managing projects with multiple dependent tasks and limited resources. It...