Draft:Utility data
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Last edited by Scharrid (talk | contribs) 14 days ago. (Update) |
Utility data[1], in the context of the critical path method (CPM)[2] of project planning[3], summarises not only the normal means for carrying-out any given project activity (and therefore the normal duration and direct cost estimates of that activity), but also all the alternative means (and durations and costs) available that may be utilised to shorten that activity's duration at some extra direct cost.
By applying CPM principles to project network models with utility data[4], the project planner can quantify trade-offs between project duration and project cost to guide consequential decisions as to if and when such alternative, accelerated means for carrying-out certain activities should be utilised.
References
- ^ Antill, James M.; Woodhead, Ronald W. (1990). Critical Path Methods in Construction Practice (Fourth ed.). USA: John Wiley & Sons, Inc. p. 14. ISBN 0-471-62057-2.
- ^ "The ABCs of the Critical Path Method". Harvard Business Review. Retrieved 16 May 2025.
- ^ Elmaghraby, Salah E. (1977). Activity Networks Project Planning and Control by Network Models. USA: Wiley. p. VII. ISBN 9780471238614.
- ^ Antill, James M.; Woodhead, Ronald W. (1990). Critical Path Methods in Construction Practice (Fourth ed.). USA: John Wiley & Sons, Inc. p. 25. ISBN 0-471-62057-2.