Critical Path Analysis (Quick Revision)

Question 1

Define: Critical Path Analysis (CPA)

Answer 1

Critical path analysis shows the fastest way of completing a given set of activities.

Question 2

What is meant by total float?

Answer 2

The amount of time an activity can overrun without delaying the project as a whole.

Question 3

An activity has a latest finish time of day 15, an earliest start time of day 2 and a duration of 10 days. What is it’s float time?

Answer 3

Latest Finish Time (LFT) - Earliest Finish Time (EFT) - Duration

15 - 2 - 10 = 3 days

Question 4

What is the total float on a critical activity? Explain.

Answer 4

0

If this overruns, the project as a whole is delayed.

Question 5

State two possible benefits of undertaking CPA.

Answer 5

• It saves time

* It enables faster product development

Question 6

What is the Examiner’s note for Critical Path Analysis (CPA)?

Answer 6

Critical path analysis is part of project management and can be used for a range of projects, such as:

• A product launch
• An advertising campaign
• A new factory

Or…

• Relocation

Question 7

What is the Evaluation point for Critical Path Analysis (CPA)?

Answer 7

The value of critical path analysis depends on how accurate the predictions are about the time that each activity will take, and on whether managers can make sure these times are kept to.