The Impact of Critical Path Method on Project Management: A Case Study of DHA Bahawalpur

Abstract

Among various factors, correct scheduling is one of the vital elements for project management success. The use of Critical Path Methods (CPM) is a basic way to improve scheduling and deal with such problems. CPM theory approximates project scheduling models to reality by considering uncertainties in decision parameters and expert experience and mental models. This paper provides a step-by-step approach for accurate estimation of time and cost of projects by using CPM. This study endeavors to fill that gap by using SWOT Analysis, IFE Matrix, EFE Matrix, PESTEL and Competitive Profile Matrix Analysis. Methodology adopted is the use of 15 structured interview questions from Engineers working in DHA Bahawalpur. Weighted scores obtained are based on the weights given by the interviewees on their observations & experiences and ratings are given by interviewer keeping in view importance of each factor under consideration. The data was analyzed using IFE and EFE matrix (Fred A. David) and it was found that by using CPM, time and cost of the job can be saved. This study is conducted on the basis of cross-sectional data to test the effect of CPM on a running job however this study should also have been conducted to check the effect of CPM in various regions and for various projects.The study uses effect of CPM theory to minimize the job completion time which in turn saves time and cost of the job by increasing profit