analysis of information Flashcards
1
Q
explain Gaant charts 5
A
- identifies the various activities so that decisions as to what resources are
required can be made - visually shows a project on a chart, which marks progress with a today line,
making it easier to track/meet deadlines - helps to show how long each activity is scheduled to last so that efficient
timetabling of resources/inventory/deliveries can be carried out - identifies where activities overlap with other activities and by how much so
that a manager can plan how to divide the firm’s resources
o bottlenecks and delays can be better avoided - identifies the ‘Critical Path’ which will allow the manager to work out the
most efficient timescale of the project
2
Q
explain a force field analysis 4
A
- used to decide whether or not to undertake a change to avoid a rash/hasty
decision - drivers are factors that force change to happen and knowing their relative
strength will help increase a strategy’s chance of success - resistors are factors that hinder change and knowing their relative weighting
can avoid risky decisions being made - assets for change are identified which can resource/support a decision
3
Q
explain critical path analysis CPA 5
A
allows a manager to work out the quickest way to complete a project by
identifying the best order to perform all the necessary tasks
- plans in advance all the individual activities that make up a project, which
means the manager will reduce the chance of unforeseen problems that may
affect decision making - shows the order in which activities should be undertaken, which allows the
manager to decide on the necessary materials and employees required
o saves on wasted resources and time - shows which activities can only take place once other activities have been
completed, so decision as to which activities can be prioritised - allows the manager to decide which activities can be undertaken
simultaneously thereby reducing the overall time taken to complete the
project
