CPA

Question 1

Minimising impacts

Answer 1

Hire temporary workers
- help to speed up other tasks on critical path, allowing delayed activity to start sooner

Move resources from activities with float time

Find alternatives that are quicker
- fast suppliers

Produce or complete part of the activity
- examples; receive some supplies, install some machines, create some samples

Reduce the time take or bring forward a different, unrelated activity on the critical path
- needs to not be dependent for other activity to be completed
- example, train staff earlier or for less time

Question 2

Useful

Answer 2

See if they can meet the deadline

Can look at float time to decide how they can share resources to ensure the critical path is on time

Can identify critical path and make a good use of resources (example = staff only used when needed meaning no wasted wages)

Make better management of financial reserves by identifying when cash is needed you can stagger outlows

Marketing

Question 3

Not useful

Answer 3

If a lack of experience, there’s potential for an inaccurate estimate

If other directors disagree with duration, activities won’t be completed on time leading to a loss of 1st mover advantage