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As a project owner, it’s essential to clearly understand the different scheduling methods available to you and how they can impact your project. In this blog post, we’ll be deeply diving into CPM scheduling and exploring the many benefits this method can offer.
CPM stands for Critical Path Method. It’s a process used to determine the most efficient sequence of activities for completing a project. CPM scheduling is especially beneficial for complex projects with many interdependencies. Keep reading to learn more about the top benefits of using CPM scheduling for your projects.
See the list of CPM scheduling benefits below
#1. Increased accuracy in project planning
CPM scheduling is a technique that can be used to create a detailed schedule for a project. This schedule can then be used to track the project’s progress and identify any potential problems. CPM scheduling is particularly beneficial for large projects, as it can help to ensure that all tasks are completed on time and within budget.
#2. Better coordination between team members
CPM scheduling can also help to improve coordination between project team members. The schedule can assign tasks and deadlines to specific team members. This can help ensure that everyone knows their responsibilities and when they need to complete their tasks.
#3. Reduced risk of project delays
Another benefit of CPM scheduling is that it can help to reduce the risk of project delays. This is because the schedule can be used to identify potential bottlenecks and problem areas. By addressing these issues before they become problems, it is possible to avoid delays and keep the project on track.
#4. Improved communication with stakeholders
CPM scheduling can also help to improve communication with stakeholders. This is because the schedule can be used to update the project’s progress. Stakeholders will then see how the project is progressing and whether any potential problems need to be addressed.
#5. Enhanced ability to make changes during the project
Another benefit of CPM scheduling is that it can enhance your ability to make changes during the project. This is because the schedule provides a clear overview of the entire project, which makes it easier to identify where changes need to be made. Additionally, by making changes early on in the project, you can avoid making significant changes later, which could cause delays.
#6. Reduced risk of cost overruns
CPM scheduling can help project owners reduce the risk by giving them a more accurate estimate of the resources required to complete the project. This information can help project owners make more informed decisions about allocating their resources, which can lead to significant savings.
#7. Improved customer satisfaction
Is another benefit of CPM scheduling that can be achieved by providing customers with a clear view of the project’s timeline. This information can help customers understand when they can expect to receive deliverables, leading to increased satisfaction levels. Additionally, this information can help customers to identify potential risks associated with the project and take steps to mitigate those risks.
#8. Reduced stress levels for all involved parties
The increased accuracy, communication, and visibility provided by CPM schedules can reduce stress levels for all involved parties. By clearly understanding the tasks that need to be completed and when they need to be completed, all involved parties will be able to work together more effectively and efficiently, which can lead to reduced stress levels overall.
#9. Greater control over the progress of a project
CPM scheduling also provides greater control over the progress of a project. By having a clear understanding of the tasks that need to be completed and when they need to be completed, project managers can more effectively monitor and control the progress of a project. This increased control can help to ensure that a project stays on track and is completed on time.
#10. Better safety within a project site
With better control of the work programs with a well-thought-out CPM schedule, the areas of risk and potential clashes on the job are understood well in advance. Knowing an area of potentially hazardous activities beforehand allows focused attention to mitigate risks and make the job site safer. Detailed CPM scheduling can facilitate this using Resource and Activity coding or Unique WBS grouping. The more complex the schedule, the more options are available. This functionality in a CPM Schedule not only predicts and outlines the potential hazard but also provides an auditable document to support the project’s safety plan.
A correctly developed CPM schedule, properly maintained and updated, is an invaluable tool to support Delay Claims and related Contract disputes. The development of TIA’s (Time impact analysis) using schedule fragnets in a CPM schedule can provide compelling evidence for supporting cost impacts or time extensions.
If you are interested in creating an optimized construction schedule or speaking with one of our construction scheduling engineers