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Critical Path Method

Time Equals Money

We have all been told that time equals money. Even, time is money. But what does any of that truly mean? Time and money separately are highly debatable subjects. The combination of the two can certainly be a conundrum. However, it is this author’s belief that in construction, this may as well be a law of the universe. Consider this. He or she who controls the schedule of the project controls the cost of the project. Thus, the schedule is one of the most important documents a particular project may ever possess.

CPM Calculations - a Standardised set of Calculations

"Basic CPM Calculations" by Patrick Weaver

Abstract:

This paper is to provide an overview of the usual Time Analysis calculations in a Precedence Diagramming Method (PDM) Critical Path Method (CPM) network can be done in a number of different ways.

The purpose of this White Paper is to offer a standardised set of calculations and note areas where different software tools may produce different outcomes.

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