IB Business Management Topic Critical Path Analysis Revision Notes (HL)

IB Business Management Topic Critical Path Analysis Revision Notes (HL) | RevisionDojo

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What is the Critical Path Method (CPM)?

The Critical Path Method (CPM) is a project management tool used to identify the longest sequence of dependent tasks in a project.
This sequence, known as the critical path, determines the shortest time required to complete the project.

Note

The critical path is the sequence of tasks that cannot be delayed without affecting the project's overall completion time.

How Does the Critical Path Method Work?

1. Critical Path Diagram

A critical path diagram is a visual representation of project tasks and their dependencies.
It helps identify which tasks must be completed before others can begin.

Tip

Use arrows to show dependencies between tasks, making it easier to track the sequence.

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Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

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Note

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Excepteur sint occaecat cupidatat non proident

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Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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What is the Critical Path Method (CPM)?

The Critical Path Method (CPM) is a project management tool used to identify the longest sequence of dependent tasks in a project.
This sequence, known as the critical path, determines the shortest time required to complete the project.

Note

The critical path is the sequence of tasks that cannot be delayed without affecting the project's overall completion time.

How Does the Critical Path Method Work?

1. Critical Path Diagram

A critical path diagram is a visual representation of project tasks and their dependencies.
It helps identify which tasks must be completed before others can begin.

Tip

Use arrows to show dependencies between tasks, making it easier to track the sequence.

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

IB Business Management Critical Path Analysis Notes

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

What is the Critical Path Method (CPM)?

How Does the Critical Path Method Work?

1. Critical Path Diagram

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

What is the Critical Path Method (CPM)?

How Does the Critical Path Method Work?

1. Critical Path Diagram

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account