Critical Path Analysis Deeper

Question 1

When is network analysis used?

Answer 1

When implementing strategy or planning complicated project

Question 2

What does it allow companies to work out

Answer 2

When they’ll need resources available

Question 3

Example of Network Analysis helping decision-making?

Answer 3

Knowing LFT makes it easier to decide when to launch an ad campaign

Question 4

Advantages of network analysis? 3

Answer 4

Allows for closer supervision of critical activities.
Helps forecast cash flow
Resources can be transferred from activities with float time to critical activities

Question 5

Disadvantages of network analysis? 3

Answer 5

Relies on estimates, which can be inaccurate
Takes a lot of time
Doesn’t analyse how good the project is.