Activities on the critical path have no spare time: a day lost on one of them is a day lost on the finish date, unless it's recovered elsewhere. The critical path can change as work progresses, so it needs rechecking at every update.
Finding it relies on a properly linked schedule. Missing logic or hard-coded dates hide the true critical path.
Related terms
Float
How long an activity can be delayed without delaying something else.
Baseline
An approved snapshot of the schedule, budget or scope, kept so actual performance can be compared against the plan.
Milestone
A significant point in a schedule, such as a key approval, handover or completion, shown as an event with no duration.
Schedule performance index
SPICompares the value of work completed with the value planned.