64 Managing projects as investments: Earned value to business value
Activity identication and duration estimating
This chapter is not intended to be a comprehensive text on critical
path scheduling. Readers desiring such information should read my
1999 book, Total Project Control: A Manager’s Guide to Project Planning,
Measuring, and Tracking. However, an understanding of the basics of
critical path analysis (and especially the new metrics critical path drag,
drag cost, and true cost) is essential to the management of projects as
investments: time is money, and the critical path determines project
time.
In order to create a critical path schedule, we must rst start by iden-
tifying all the work activities we intend to do. The best way to accom ...