BMT 14 - Critical Path Analysis (HL - Unit 4)

Question 1

Critical Path Analysis

Answer 1

A visual timeline management system for organizing and optimizing task sequences.

Shows:

• Tasks
• Order of tasks
• Dependent tasks
• Simultaneous tasks
• Ideal scheduling

Question 2

Construction of the diagram

Answer 2

Question 3

Earliest Start Time (EST)

Answer 3

Question 4

Latest Finish Time (LFT)

Answer 4

Question 5

Total (Free) Float

Answer 5

Amount of time a task can be delayed without the project being delayed

Float (A) = 0 days
Float (C) = 3 days

Question 6

Critical Path

Answer 6

Path through the diagram for tasks which float equal to zero

i.e. these tasks cannot be delayed without delaying the whole project

Question 7

Advantages of Critical Path Analysis

Answer 7

• A visual representation of a complex project which may be easier to interpret.
• It minimizes task delays and optimizes project workflow for maximum efficiency.
• Encourages forward planning in business organizations.

Question 8

Disadvantages of Critical Path Analysis

Answer 8

• Delays and unexpected events can impact project timelines.
• Large projects can make diagrams complex and difficult to manage.
• Network analysis requires accurate and complete data to be effective.