Thanks for your interest in this video. You can download the exercise file at get.ricardo-vargas.com/criticalpath. 🚀 Do not miss the chance to visit our online school with several free courses for your project management learning. Access the school at learn.ricardo-vargas.com
Excellently explained in a lucid way👏 Kudos to you🙏 Template link is guiding to your website, after submitting the details, there is a message that template is sent my email. But, never, i saw an email from your side. Please look into this bug.
This is the single most helpful resource I've found on this topic. Better than the PMBOK, better than all the supplemental resources my program shared. Thank you!!
One thing about Mr. Vargas is that he is going to make sure you understand what you are doing and why you are doing it in vey practical terms. He makes it easy to apply the information to a variety of areas.
The determination of CP can provide the Project Manager and the project team a lot of information such as the establishment of the early and the late start, the development of human resources (when and who I need), the calculation of total float..
Thanks Ricardo. Your finish dates are one day later than the traditional way to do it. So if you start on day 0 and the task is 1 day then it finishes on day 0. However your method makes the maths a bit simpler and gets the same result. Hence I’d suggest people use the way that you calculate the floats.
Dear Ricardo , Suppose we are calculating the range of an estimate for an individual activity on the critical path , further to obtain an estimate for that duration using a weighted Beta averaging ; thus upon calculating the range using Beta EAD ± SD , would this range be the widest among all other project activities , if so would it have the greatest risk?
Great question. This is the average path. It is not the path with the greatest duration. The path with the gratest lengh is the one with all pessimistic dates on the distribution. Regarding risks, the behavior is quite the opposite. The most optimistic date is the one that brings most of the threats because it considers the path that everything goes well. I hope this could answer your question.
This is not the correct calculation. If you start an activity on day 1 and it has a duration of 4 days. Then it is full day 1, full day 2, full day 3, and full day 4 ... not 5. The formula is ES+D-1=EF
Hi Stefan. This is one approach and it is right too. I did that because I do not want people to think it is on the start or end of a day. But of course that if you start at the beginning of day 1 and it takes 4 days it will end at the end of day 4. But when you move this 4 to the next activity you will have to add one because the task will then start in the morning of day 5. At the end it does the same effect. You can use EF=ES+D and ESnext activity = EF previous activity or you can use EF=ES+D-1 and ESnext activity = EF previous activity +1. Ricardo
Thanks for your interest in this video. You can download the exercise file at get.ricardo-vargas.com/criticalpath. 🚀
Do not miss the chance to visit our online school with several free courses for your project management learning. Access the school at learn.ricardo-vargas.com
Excellently explained in a lucid way👏 Kudos to you🙏 Template link is guiding to your website, after submitting the details, there is a message that template is sent my email. But, never, i saw an email from your side. Please look into this bug.
This is the single most helpful resource I've found on this topic. Better than the PMBOK, better than all the supplemental resources my program shared. Thank you!!
This is the video that finally made me understand Critical Path without formulas!
One thing about Mr. Vargas is that he is going to make sure you understand what you are doing and why you are doing it in vey practical terms. He makes it easy to apply the information to a variety of areas.
Thanks Ricardo for helping me understand without the formulas. Well explained
Thanks super!!
Im taking the PMP exam on 1/28/23. Your videos are extremely helpful.
and, how it went?
Thank you...your explanations are very very clear
Thank you!! 😊😃
Thanks a lot Mr Vargas. You have a way of breaking down complexities into simple understandable terms.
Thank you. Have a wonderful week! 🙏
Critical path explanation is great ! good for PMP exam prep
Thanks super! And good luck 😊🚀
Thank you for taking on this intimidating topic. The content you put out is always useful.
Thanks, helped me a lot.
I'm glad!! 😊
Well explained, thanks Ricardo Vargas
Thanks Mr. RV
This is a really great tutorial! Great job!!
Simple however, valious. Thanks for share!
The determination of CP can provide the Project Manager and the project team a lot of information such as the establishment of the early and the late start, the development of human resources (when and who I need), the calculation of total float..
Lovely hope to pass my online study😊
Thanks Ricardo. Your finish dates are one day later than the traditional way to do it. So if you start on day 0 and the task is 1 day then it finishes on day 0. However your method makes the maths a bit simpler and gets the same result. Hence I’d suggest people use the way that you calculate the floats.
Thanks Michael. Some people like to start with 0. For me it is far simpler starting with Day One (1) so the math becomes very direct. Cheers. Ricardo.
Dear Ricardo ,
Suppose we are calculating the range of an estimate for an individual activity on the critical path , further to obtain an estimate for that duration using a weighted Beta averaging ; thus upon calculating the range using Beta EAD ± SD , would this range be the widest among all other project activities , if so would it have the greatest risk?
Great question. This is the average path. It is not the path with the greatest duration. The path with the gratest lengh is the one with all pessimistic dates on the distribution. Regarding risks, the behavior is quite the opposite. The most optimistic date is the one that brings most of the threats because it considers the path that everything goes well. I hope this could answer your question.
@@rvvargas Yes , Thank you and it is much appreciated.
Is there a way to see the total float and free float in MS Project?
Yep! Insert the total float and free float fields in the table and you will have them! :)
This is not the correct calculation. If you start an activity on day 1 and it has a duration of 4 days. Then it is full day 1, full day 2, full day 3, and full day 4 ... not 5.
The formula is ES+D-1=EF
Hi Stefan. This is one approach and it is right too. I did that because I do not want people to think it is on the start or end of a day. But of course that if you start at the beginning of day 1 and it takes 4 days it will end at the end of day 4. But when you move this 4 to the next activity you will have to add one because the task will then start in the morning of day 5. At the end it does the same effect. You can use EF=ES+D and ESnext activity = EF previous activity or you can use EF=ES+D-1 and ESnext activity = EF previous activity +1. Ricardo
@@rvvargas thank you for the explanation, Ricardo. Have a wonderful day.
Thanks a lot for calling this out. I was going through examples and saw this and couldn't get the math to work.