critical pash analysis

Question 1

what is it

Answer 1

works out quicker way to finish set of tasks

Question 2

adv of critical path analysis

Answer 2

finds shortest time possible for completing complex project
therefore, competence advantage as would mean firm is first to get product to market

forces managers to think about the activities involved in a strategy

Question 3

dis of critical path analysis

Answer 3

relies on estimates of how long each task will take
aren’t accurate, whole analysis wrong

sets tight deadlines, tempting employees to cut corners to rush to meet deadlines, means quality suffers

Question 4

did of critical path analysis

Answer 4

doesn’t take into account factors that may delay a peoject e.g staff illness