Agile Project Management vs. Critical Path Method

The Critical Path Method (CPM) of project management is very commonly used in the management of construction projects.

D. Brown Management Profile Picture
D. Brown Management
July 15, 2018 2 minute read
Share

CPM works very well when the components of the design and the project are mostly known to all responsible parties. CPM focuses on either a single value-delivery event such as the completion of a building or in major phases such as turning over a floor at a time.  

Management Tools: Agile Project Management vs Critical Path Method (CPM).

CPM does not work as well in situations where there are significant “Known-Unknowns” about the plan CPM really breaks down when there are “Unknown-Unknowns”:

  • The final destination isn’t crystal clear; even to the leader
  • The path to get there has unknowns
  • The tools and tactics required to get there aren’t known to the team

In these situations more agile management methods are required either in conjunction with or to replace CPM:

There are similarities between all methods.  Develop the systems that work best for your company at this point in time.

Box Breathing: The 60 Second Mental Reset Tool
Box breathing can be used to reset yourself or a team in as little as 60 seconds. Impacts include sharper focus and working memory, lowered heart rate and blood pressure, and reduced stress hormones, resulting in less anxiety and a better overall mood.
Related Article
Different Heights Require Different Skills and Gear
As contracting businesses grow the leadership focus, strategy, org structure and processes must change. Think about building a business the same as you would hiking up a mountain with each different phase requiring different skills and different gear.
Related Article
Valuation Math - Multiple of Earnings
In a valuation, you will often hear the term multiple of earnings. This is usually calculated based on some average of the last 3-5 years earnings and weighted toward the more current years.
Related Article