Compare and contrast the Critical Path and Critical Chain methods in terms of their advantages and deficiencies: Project Management Assignment, UM, Malaysia

Compare and contrast the Critical Path and Critical Chain methods in terms of
their advantages and deficiencies to conclude on what would be the most suitable approach to planning and delivering a Glastonbury music festival The Critical Path and Critical Chain approaches are both utilized in the project
management to effectively plan and execute projects. Let’s examine and differentiate these methods within the context of organizing and delivering a Glastonbury music festival :

Critical Path Method (CPM)
Benefit
i. CPM can reduce project duration and generate crucial paths that can be a road map for project execution, ensuring timely project completion (Atin.S,2019)
ii. CPM can contribute to the temporal effectiveness and financial aspects of the project in distinct ways. (Atin.S, 2019)
iii. CPM focuses on the planning, scheduling, and control of these critical activities.
iv. (Anindita.H , 2021)
v. In CPM, one of its main purposes is to plan and set important and desired results for the project’s completion.(Anindita.H , 2021).

Deficiencies
i. Not all projects are suitable for the critical path method due reduced usability. For instance, CPM requires and repeatable timelines(dummy activities becomesexcessive), making it unsuitable for creative projects like product designor research tasks.(J.Hutagaol,2013)

Answer

Request Answer of this Assignment