KT 12: 3.3.4 Critical Path Analysis

Question 1

Critical path analysis

Answer 1

s based on a network diagram that sets out which activities within a project can be done simultaneously and which must be done consecutively. A network diagram helps to identify the critical path - the activities that cannot be delayed without delaying other activities.

Question 2

Critical path

Answer 2

activities that must be completed on time for the project to finish on time. I.e. they have no float time.

Question 3

Float time

Answer 3

any spare time that arises between the completion of an activity and the starting time for the next.

Question 4

Management by exception

Answer 4

the principle that because managers cannot supervise every activity within the organisation, they should focus their energies on the most important issues.

Question 5

Network

Answer 5

a diagram showing all the activities needed to complete a project, the order in which they must be complete and the critical path.

Question 6

Network analysis

Answer 6

breaking a project down into its component parts, to identify the sequence of activities involved.