Week 1 Lecture 1- Network Analysis/Project Scheduling Flashcards
What are the three aims of ‘Project Scheduling’?
1) Shortest duration
2) Minimum cost
3) Maximum quality
What does ‘CPA’ stand for? And what does it mean?
Critical path analysis
The path projects take where the Total float is equal to 0 (ZERO).
These are the activities that, if delayed, will result in the project finish date being delayed.
What three things can be done or considered before a project started to help analyse it?
Feasibility study
Scenario experimentation
Planning
What is a ‘Feasibility analysis’?
Lets us know how long a project should take and helps to stop unrealistic deadlines being set
What is ‘Scenario experimentation’?
If projects have activities that could vary in time, scenario experimentation allows for comparisons between the best and worst case scenario
What is the ‘approach’ for project scheduling? What are the 6 steps?
1) identify activities
2) identify relationship between activities
3) Draw network diagram
4) Calculate timings and project duration
5) Identify critical path and floats
6) Adjust schedule according to objectives
What is meant by the term ‘Work Breakdown Structure’?
A hierarchy of activities that need to be completed in order for the project to be finished.
Each activity is given a different level of importance
What two things must be included in a network representation?
Dummy start event
Dummy finish event
What is meant by the term ‘Total Float’ of an activity? And what is the equation for calculating ‘Total Float’?
The amount of flexibility an activity can be delayed or extended without affecting the project duration.
Total Float = LFT (of predecessor) - EFT (of successor)
What is the ‘Critical Path’?
The path of activities with a total float of 0.
Delaying one critical activity will delay the whole project.
