critical path analysis

Question 1

CPA

Answer 1

A method of calculating the minimum time required to complete a project, identifying delays which could be crucial to completion.

Question 2

benefits

Answer 2

allows higher efficiency (machinery and labour)
decision making (where to allocate resources)
time based management
working capital control (prevents wastage of financial resources)

Question 3

limitations

Answer 3

based on estimations (can cause delays and fines)
not accepting another project
changes can occur in life of project e.g breakages
can be complex with bigger projects e.g building site

Question 4

total float

Answer 4

time a task can be delayed without affecting the whole project

Question 5

how is total float calculated

Answer 5

latest finish- earliest start- duration

Question 6

free float

Answer 6

time a task can be delayed without affecting the following task

Question 7

how is free float calculated

Answer 7

earliest start (of next task)-earliest start (of this task)-duration