What is critical path analysis?
Critical path analysis (CPA) is a project management technique that identifies the sequence of essential tasks that determine the minimum project duration
Why is CPA useful?
By focusing on critical tasks, project managers can optimise resource allocation and minimise delays.
Helps identify the most important tasks that need to be completed to finish a project on time
How to calculate the critical path?
Advantages of critical path analysis
Disadvantages of critical path analysis
What is Earliest Start Time (EST) and how do you calculate it?
EST is the soonest any task can begin, based on the completion of preceding tasks
What is Latest Start Time (LST) and how do you calculate it?
LST is the latest a task can begin without delaying the projects completion
- Start from the end of the project, we assign the projects due date as the LFT for the final task
- Move backwards through the network, subtracting the task duration from the LFT to find the EST for each preceding task
What is a critical path?
Critical path is the longest sequence of activities that must be completed one after the other
Why is the critical path important?