00:02 Hey, time to have a look at the critical path method. 00:06 It is one of the project manager's best tools when scheduling a project timeline. Let's jump to the laboratory project and assume, because you're an awesome project manager, you have done everything you need to up to this point. 00:20 And of course, you're still as cool as a cucumber. 00:23 You have your list of activities and their durations with buffers. 00:28 And bear in mind, this is a snippet of the activities that would be involved in a project. You will see that later. 00:35 Things get very detailed, but in the interest of time, I will demonstrate what we need with a shorter list of activities. 00:42 What you must do as project manager is identify the longest chain of dependent activities required to complete the project. 00:51 This is called the Critical Path. 00:54 It is critical because delays to this path will certainly cause delays to the whole project. One of the best ways to plot the critical path is to put the information in a network chart with boxes and arrows. 01:08 This works well because it shows all the tasks and all the durations in the boxes and all dependencies, the arrows making it as easy as pie to chart a critical path. 01:21 Okay Using our work breakdown structure and activity list, let's begin. 01:29 So we have our full workstreams showroom construction, car selection and production. 01:36 Visual Effects development and staff recruitment and preparation. 01:40 Each stream can be executed in parallel, starting with A, O, K and M respectively. 01:48 Now let's see how each stream flows and how or if they intertwine. 01:56 Excavate foundations follows prepare land for construction works build foundation structure follows excavate foundations, build showroom spaces follows build foundation structure and so on. 02:13 The majority of these are logical dependencies. 02:17 But remember, they can always be resource, external and soft dependencies to consider. 02:24 For example, if design interiors must follow C Build Foundation structure, these do not seem dependent. 02:34 However, the chief engineer needs to participate in the design activities, although he will not have the available time before the main part of the construction is done. 02:45 This makes it a resource constraint. 02:48 There we have it now. 02:50 As you can see a through to I is the longest stream. 02:55 This is the path you will need to be the most vigilant with, as any delay here will postpone the whole project. 03:03 This is the critical path. 03:07 With the non-critical paths, you have extra time where a delayed task won't halt the overall timeline. 03:14 And this is called a float. 03:17 As you can see, the cast selection and production stream has a float of two weeks. 03:22 Therefore, if a task is delayed within this float, it won't affect the project directly. However, if there is a delay longer than the float, then this non-critical path becomes the critical path. 03:36 Yes, that's right. 03:38 The critical path is dynamic and can change during the project, so you will need to monitor it carefully as the work progresses. 03:46 Once you've done, here is a major step to creating the project schedule. 03:52 But there's one more thing you can do to further help yourself, and that is by making a Gantt-Chart. 03:59 And next lesson will be taking a good look at that. 04:03 Thanks a lot.
The lecture Identifying the Critical Path by 365 Careers is from the course Project Phase: Planning (EN).
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