Critical path analysis

Question 1

CPA analysis

Answer 1

Planning method that allows a project to be completed in the shortest time possible

Question 2

Float

Answer 2

The duration an activity can be delayed without the overall project being delayed further.

Float= LFT - duration - EST

Question 3

Critical path

Answer 3

Activities with no float, which means they cannot be delayed without delaying the whole project

Question 4

Pros

Answer 4

Helps business plan ahead
Helps with complex and time sensitive projects
Useful for risky projects

Question 5

Cons

Answer 5

Largely based on estimates and assumptions
Does not guarantee the success of a project
Too many activities make the network diagram too complicated