Critical Path Scheduling is a project management technique that puts all crucial steps of a given new product project into a sequential network based on task interdependencies. This technique is frequently incorporated into various software programs. In the context of product development, Critical Path Scheduling can ensure that all tasks related to the development of a new product are carried out in a timely and efficient manner. By identifying the tasks that are critical to the project's success and scheduling them accordingly, project managers can ensure that the project stays on track and that all deadlines are met. Additionally, Critical Path Scheduling can help reduce the overall risk of failure by ensuring that all critical tasks are given the attention they deserve.