3.3.4 Critical path analysis

Question 1

Critical path

Answer 1

the activities that must be completed on time for the project to finish on time

Question 2

Float time

Answer 2

any spare time that arises between the completion of an activity and the starting time for the next

Question 3

Management by exception

Answer 3

the principle that because managers cannot supervise every activity within the organisiation, they should focus their energies on the most important issues

Question 4

Network

Answer 4

a diagram showing all activities needed to complete a project, the order in which they must be completed and the critical path

Question 5

Network analysis

Answer 5

breaking a project down into it component parts, to identify the sequence of activities involved