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As such, it creates a progress checklist that can be followed easily. The critical path method requires project managers to break down the project into progress chunks using clear charts, often within project management software. More importantly, it is easy to know when resources can be redirected away from activities that can wait so they can be used to complete more pressing tasks. As such, when resources come in, it is easy to know where their allocation should be prioritized at any given point in the project. The critical path method helps project managers know exactly when every activity must be completed and, by extension, when resources are needed to complete them.

In this way, project managers can focus on managing a project on a task-by-task basis as the project progresses, making it easier to manage resources, budgets and talent. Instead of looking at a large, complex project as a whole, the critical path method breaks down a project into the baby steps needed to complete it. Alternatively, more experienced employees can be assigned to critical path tasks that don’t come with buffer time. For example, they may assign employees who are still going through a learning curve to tasks with float time so these employees may take their time learning new skills. In addition to pulling employees off tasks with lots of float time as needed, project managers can also allocate employees strategically to tasks that have float time. A clear breakdown of your project also makes it easier to allocate other resources to the right place at the right time, thereby cutting inventory storage costs.

For example, if there is float time around one task, you can relocate employees to critical path activities, thereby reducing costly busy work or idle time.

With a clear path to ensure the project finishes on time, you reduce wasted time that adds to your human and other resources budget. Here is a deeper look into each of these benefits of the critical path method. The critical path method offers project managers the ability to stay on budget more easily, schedule talent and resources efficiently, monitor progress, not get overwhelmed with project management demands, monitor and report on project progress and keep scope creep in check.