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The Critical Path Method (CPM) provides a way for project managers to determine which tasks are critical (zero slack time) and which tasks can be delayed (and for how long). The CPM spreadsheet produces a Gantt Chart showing the critical path tasks as well as the potential delay times for the flexible tasks. The gantt chart in the Critical Path Method spreadsheet is very similar to what you'd see using Microsoft Project, except that it doesn't add the lines with arrows pointing from the end of one task to the start of a successor. Get this and other bonus project management spreadsheets free when you purchase the pro version of our Gantt Chart. This spreadsheet implements the PERT algorithm and Critical Path Method to aid in project planning and scheduling.
Unlike a normal project schedule or gantt chart, this spreadsheet lets you define the duration of a task using O-M-P times (Optimistic, Most Likely, and Pessimistic).
The Gantt Chart shows the tasks on the Critical Path as red bars, the flexible tasks as blue bars, and the slack time as gray bar extensions. Although the CPM spreadsheet contains a gantt chart, if you are needing to create a detailed project schedule, I would recommend using my Gantt Chart template as well. Read the comments (little red triangles) within the critical path method spreadsheet for additional help if you have a question about what the column labels mean.
Edit only the cells with the light-gray border (The ID, Task Name, Predecessors, and Times). To insert a task, copy one of the rows between the start and finish events and insert the copied row where you need it to be.
If a task has a duration of 0, it is defined as an Event or Milestone (shown as a diamond in the gantt chart). In the Gantt Chart, you will probably have to align the upper and lower axes by playing with the maximum value via Format Axis > Scale.

If copying WBS numbers and task descriptions from another file, make sure to only paste values, because the tasks column uses conditional formatting to highlight the critical tasks and the tasks that do not yet have successors.
While you are in the process of adding tasks: If you are wondering why tasks are marked as critical, check to see if there are any tasks highlighted yellow. Even though the gantt chart does not show lines connecting dependent tasks, it is fairly easy to figure out if you remember that dependencies relate the START of one task to the END of its predecessor.
For critical tasks: Look at the start of the task and see if it lines up with the END of other tasks, or possibly the end of the delay period. If you have more than 100 tasks, the bar chart may show only every other task label (or fewer if you have > 200 tasks). Except for the calculation of the Finish Date, there are no calculations in the worksheet that are based on dates. Disclaimer: This spreadsheet and the information on this page is for illustrative and educational purposes only. You may need to be familiar with some of the basic terms used in the CPM method, but the template is very easy to use and does not require you to enter formulas. But, that is an extremely minor limitation compared to the benefit you'll get from the lower cost and ease of use. But, the .XLSX version lets you include up to 200 tasks, though that could be extended upon request. You can choose to calculate the expected time (Duration) using either the Triangular or Beta distribution. Milestones (tasks with zero duration) are shown as short black bars (rather than diamonds like you might normally see).
I created the spreadsheet based on the information in Project Management for Dummies and the very detailed article on wikipedia.

The chart is set up to show the number of days at the top and the number of weeks (5 days per week) at the bottom.
All tasks need to have successors before the algorithm will correctly predict the critical path.
If it doesn't, the end of the Flexible task may line up with the beginning of another Flexible task. So, if you want the times to represent hours rather than days, then you can just change all labels to say "Hours" instead of "Days" and delete the Finish Date cell. If you want to do something different, then all of the Excel print settings are open to you. Unlike my other gantt chart template, the gantt chart in the CPM spreadsheet is an actual bar chart object, and you can resize it and change font sizes to get it to display the way you want.
You are encouraged to read through these or other resources if you have questions about terminology or how to use what the analysis will tell you. Then set the "Interval Between Labels" to "Automatic." You will then need to stretch the chart taller until you see all the labels. You can print the gantt chart separately by first selecting the chart and then pressing CTRL+p. If you can copy and paste, enter data into cells, and follow a few simple guidelines, you can do a critical path analysis with almost no learning curve.

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