10.3d - CPA (Interpretation)

Question 1

Critical path definition

Answer 1

The route in which there is no float

Question 2

Total float time formula

Answer 2

LFT - duration - EST

Question 3

Advantages of CPA:

Answer 3

• Reduces risk and costs of complex projects
• Encourages careful assessment of each activities
• Better allocation of resources (transfer resources to critical activities)
• Decision-making tool

Question 4

Disadvantages of CPA:

Answer 4

• Reliability based on accurate estimates and assumptions
• Does not guarantee success
• Resources may not be as flexible and management hope when they address float
• Takes time to plan
• Doesn’t say anything about costs or how good project is