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.
Critical Path Method (CPM)
| Business Dictionary: Critical Path Method (CPM) |
| 5min Related Video: Critical Path Method (CPM) |
| Accounting Dictionary: 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.
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 | Critical Path Accounting (in accounting) |
| Network (in accounting) |
| Program Evaluation and Review Technique (PERT) (in accounting) |
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 | In critical path method the dummy activity can be critical or not? |
| What is critical event in Critical Path Method? |
| Calculation fo the Critical Path Method? |
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 | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Critical Path Accounting (in accounting)
- Network (in accounting)
- Program Evaluation and Review Technique (PERT) (in accounting)
- John Mauchly
