Critical Path Analysis - A management tool that uses network analysis to help project managers to handle complex and time sensitive operations.

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Critical Path Analysis - A management tool that uses network analysis to help project managers to handle complex and time sensitive operations.

Advantages

  • Reduces risks and costs of complex projects
  • Encourages careful assessmen
  • Decision-making tool
  • Organises large and complex projects
  • Saves time
  • Optimises efficiency
  • Provides opportunities
  • Links well with other aspects of business planning, including cash flow forecasting and budgeting
  • Provides managers with a useful overview of a complex project
  • Helps spot activities that may become 'flat'

Disadvantages

  • Dependency and reliability
  • Resources may not be as flexible
  • Doesn't guarantee success of a project
  • Too many activities may become too complicated

Evaluation

CPA requires:A list of all activities required to complete the projectThe time/duration that will take to complete each activityThe dependencies between each activitiesCPA calculates:The longest path of planned activities to the end of the projectThe earliest and latest that each activity can start and finish without making the project longer

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