Mastering Critical Path Analysis

What is float time in project management?

• Float time is the amount of time a task can be delayed without affecting the project's deadline.

• Float time refers to the time taken for project meetings.

• Float time is the total time required to complete a project.

• Float time is the time allocated for team breaks during a project.

How do you calculate total float for an activity?

• LFT+Duration+EST

• LFT-Duration+EST

• LFT+Duration-EST

• LFT-Duration-EST

What is the significance of float time in scheduling?

• Float time is used to determine project costs.

• Float time only applies to resource allocation.

• Float time is significant as it allows for flexibility in task scheduling without impacting project deadlines.

• Float time is irrelevant to project scheduling.

In a network diagram, what does a critical path represent?

• The shortest path through a project network that determines the longest possible project duration.

• A path that has no dependencies and can be completed at any time.

• The longest path through a project network that determines the shortest possible project duration.

• A path that includes all tasks in the project regardless of their duration.

How do you identify the critical path in a project?

• The critical path is identified by determining the longest sequence of dependent tasks that must be completed on time for the project to finish on schedule.

• The critical path is the shortest sequence of tasks in a project.

• The critical path is identified by random selection of tasks.

• The critical path is determined by the number of resources allocated to each task.

What is the formula for calculating free float?

• EST of previous activity - duration - EST of the next activity

• EST of next activity - duration - EST of the previous activity

• EST of next activity +EST of the previous activity

• EST of next activity + duration + EST of the previous activity

Explain the difference between total float and free float.

• Free float is the total time a project can be delayed without affecting its budget.

• Total float and free float are interchangeable terms used in project management.

• Total float refers to the total time a project can be delayed without any consequences.

• Total float is the total delay possible without affecting project completion; free float is the delay possible without affecting subsequent tasks.

How can float time impact project deadlines?

• Float time has no effect on project deadlines.

• Float time can help absorb delays in non-critical tasks, allowing project deadlines to be met.

• Float time only applies to critical tasks.

• Float time is irrelevant to project management.

What is the purpose of a network diagram in project management?

• To define the project budget and resources.

• To create a risk management plan for the project.

• To assign team members to specific tasks.

• To illustrate task dependencies and the project timeline.

Describe how to create a network diagram for a project.

• Create a network diagram by identifying tasks, determining dependencies, and visually representing them with nodes and arrows.

• Outline the project timeline with milestones.

• Create a budget plan for the project.

• List all project team members and their roles.