Question: Question 4 : Select either question below. (50 points) ( Source: Chapter 4) : Explain the concept of critical path method (CPM) and how to

Question 4: Select either question below. (50 points)

  • (Source: Chapter 4): Explain the concept of critical path method (CPM) and how to calculate the critical path for a project? Describe how time-cost models impact a critical path assessment?
  • (Source: Chapter 22 Supplement): Describe the theory of constraints (TOC) and the principles at the core of the concept. Explain the various ways in which a company can manage a bottleneck, a constraint, or a capacity-constrained resource once it's been identified?

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