3.3.4 Critical path analysis

Question 1

what is critical path analysis?

Answer 1

a management tool which helps a business to identify how long a project will take and what the critical tasks in the project

Question 2

the purpose of CPA is…?

Answer 2

to assure tasks are completed on time

Question 3

the benefits of CPA are…?

Answer 3

-better allocation of resources
(if some activities have slack (float) resources can be transferred)
-encourages careful assessment of the requirements of each activity in a project
-links well with other aspects of business planning, including cash flow forecasting & budgeting

Question 4

drawbacks of CPA are…?

Answer 4

-reliability of CPA based on accurate estimates and assumptions
-CPA doesn’t guarantee success of a project
-resources may not actually be as flexible as management hope when they address network

Question 5

what is CPA used for?

Answer 5

-estimate & minimise project time
-prioritise tasks
-provides direction(increase motivation)
-support project costing & evaluation
-plan/organise resources

Question 6

what is CPA used for?

Answer 6

-estimate & minimise project time
-prioritise tasks
-provides direction(increase motivation)
-support project costing & evaluation
-plan/organise resources