Annual Business Meeting and Managing Projects as Investments: Critical Path Drag and Drag Cost, the Missing CPM Metrics

13 Jun 2017 - 6:00pm
PDU Instructions: 
PDU Category: 
DoubleTree (Hilton), Tarrytown

6:00 | Registration, Networking & Dinner
6:30 | Announcements, Introduction of Program
6:45 | Annual Business Meeting
7:15 | Guest Speaker (1 PDU)
8:15 | Participants network and/or participate in SIGs
8:15 | PMO SIG, Quality SIG programs (1 PDU)

Meeting Sponsor: 

Iona College, Strategic Project Leadership, and ITMPI

Critical Path Drag and Drag Cost - The Missing CPM Metrics

Managing Projects as Investments:
Critical Path Drag and Drag Cost, the Missing CPM Metrics

This presentation focuses on new and quantified value-based enhancements to traditional critical path scheduling. By focusing on projects as investments, and on the impact of time on that investment, these new techniques and metrics offer the ability to target the BEST ways to justify needed resources, to compress or recover schedule, and to increase a project’s value.

Eighteen years after introduction in Devaux’s first Total Project Control book, critical path drag has “caught on” and is now calculated by several software packages, including Asta Powerproject’s latest version. This presentation will show the benefits of the new CPM metric and how to calculate it “manually” in smaller network schedules.

Stephen A. Devaux

Steve Devaux, MSPM, PMP, is President of Analytic Project Management of Boston, MA, and a Founding Fellow of the Project Management College of Scheduling. His consulting and training customers include the US Air Force, Siemens, BAE Systems, iRobot, Wells Fargo, Wyeth Pharmaceuticals and many others. Over the years, Devaux has taught graduate project management courses at Suffolk University, Brandeis University and University of the West Indies/Barbados, and in Executive Education programs at Bentley University and UMass/Lowell.

Devaux is the author of Managing Projects as Investments: Earned Value to Business Value and Total Project Control: A Practitioner’s Guide to Managing Projects as Investments (CRC Press, 2014 and 2015). He contributed chapters in two 2013 books: Project Management in the Oil and Gas Industries and Handbook of Emergency Response. Many of his innovative techniques and metrics are being used throughout the world, including critical path drag which was recently encoded in the latest version of Asta Powerproject’s software.

He is the author of numerous articles and PMI webinars, a frequent speaker at PMI Chapter meetings throughout the US, and a veteran of US Army Intelligence, Vietnam.


Free for PMI Westchester Chapter Members (Annual Business Meeting)
$30 for non-PMI Westchester Chapter Members

Location (Address): 

DoubleTree by Hilton Hotel
455 Broadway
Tarrytown, NY
(914) 631-5700