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
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.




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.
Talent Shortage Through 2030
Contractors will face a 25% gap in the critical talent layer that keeps their companies growing profitably and sustainably with a strong scoreboard.
Incentive Compensation for Contractors - Union vs Open
The wins of a great incentive program tend to be the same for both union and open shop employers. The wins not only include retention of the employees that you already have, but recruitment of new employees.