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Critical Path Analysis is a systematic approach used to find the Critical Path in the Schedule Network Diagram. Schedule Network Diagram The graphical representation of relationship between activities is called as Schedule Network Diagram. Precedence Diagramming Method or Activity-on-Node is the most commonly used technique for drawing Network Diagram. Critical Path Critical Path is the path with the longest duration. Duration of the Critical Path is the minimum time needed to complete a project. The activities on the Critical Path have the least Total Float relative to other paths Total Float It is the amount of time by which the Early Start of an activity can be delayed without delaying the overall project. Free Float It is the amount of time by which the Early Start of an activity can be delayed without delaying the Early Start of successor activities. This lesson addresses the following What is Critical Path Method? What is Precedence Diagramming Method? What is Activity-on-Node? What is Schedule Network Diagram? How to draw Schedule Network Diagram? How to find Critical Path? What is Free Float? What is Total Float? What is the difference between Free Float and Total Float? Critical Path Questions Critical Path Formulas Critical Path Problems Additional Lessons 1. Fixed Price Incentive Fee Contracts: • What is a Fixed Price Incentive Fee Contra... 2. Firm Fixed Price Contracts: • What is a Firm Fixed Price Contract? | Con... 3. Cost Plus Incentive Fee Contracts: • Cost Plus Incentive Fee Contracts (CPIF) -... 4. Time Value of Money: • What is Time Value of Money? | Present Val... 5. NPV and IRR: • What is Net Present Value and Internal Rat... 6. Benefit-Cost Ratio & ROI: • Benefit-Cost Ratio & Return-on-Investment:... 7. Straight Line Depreciation: • What is Straight Line Depreciation Method?... 8. Double Declining Balance Depreciation: • What is Double Declining Balance Method of... 9. Sum Of Years Digits Depreciation: • Sum Of Years Digits Depreciation: Concept,... All the best with your PMP exam!! #SunnySensei #PDM #CriticalPath