Final answer:
The network CPM is a project management technique that helps show the owner the status of the project and identify critical tasks.
Step-by-step explanation:
The network CPM, which stands for Critical Path Method, is a project management technique used to determine the most critical tasks and the overall status of a project. It helps project managers identify the tasks that can cause delays in the project timeline and allows them to prioritize resources accordingly.
By using CPM, the project owner can easily see the status of the project and the tasks that are affecting the project's critical path. The critical path is the sequence of tasks that must be completed on time in order to ensure the project finishes on schedule. CPM provides a visual representation of these tasks and their dependencies, allowing the owner to monitor progress and make informed decisions.
For example, let's say a construction project has several tasks such as obtaining permits, site preparation, foundation construction, and finishing. Using CPM, the project owner can see which tasks are critical for the project's completion and focus on monitoring and managing those tasks. If any task on the critical path is delayed, it could potentially impact the overall project timeline.