The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Critical Path Analysis

  • Kenneth R. MacCrimmon
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_455

Abstract

When consumers plan vacations, manufacturers schedule production, and governments tackle budget deficits, each must deal with a myriad of interrelated activities. In large projects, managing these interrelationships is very difficult due to three major factors: the precedence ordering of activities, the uncertainty about activity durations, and the possibility of reallocating resources.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Kenneth R. MacCrimmon
    • 1
  1. 1.