What is it
is Setting limits on how much money can be spent on materials, labour, prototyping, testing, etc.
Positives
• Helps to identify which tasks are most important and must be done on time to avoid delays
• Clarifies the sequence of activities - useful when coordinating with teams or suppliers
• If delays happen, you can quickly see which tasks can be postponed and which can’t
• Helps plan when equipment, staff or materials will be needed
Negatives
• Requires accurate data and detailed planning at the start
• If something changes, the whole plan may need adjusting
• If time estimates are wrong, the analysis becomes unreliable
• It only helps with time planning