BMT13 Critical Path Analysis

What is the primary purpose of using critical path analysis (CPA) in project management?

• To calculate the earliest start time for each activity.

• To provide a visual representation of a complex project.

• To identify and monitor key tasks necessary to complete a project.

• To guarantee the smooth completion of a project

What does the term "critical path" refer to in the context of critical path analysis (CPA)?

• Tasks that must take place within the set time to avoid project delays

• Tasks that have no dependencies

• Tasks that can be delayed without affecting the project

• Tasks that are not included in the project planning stage

What advantage does critical path analysis offer in terms of project management efficiency?

• It enables project managers to reduce the time lost between tasks

• It guarantees the smooth completion of a project

• It limits the extent of assistance with project management

• It helps managers to construct network diagrams for complex projects

What is the significance of float time in project management?

• It calculates the earliest start time (EST) for activities

• It guarantees the smooth completion of a project

• It allows for more flexible resource allocation

• It identifies tasks that require close monitoring

What is the purpose of the earliest start time (EST) in critical path analysis?

• To show the earliest time that an activity can begin

• To guarantee the smooth completion of a project

• To calculate the latest finish time (LFT) for an activity

• To identify the critical path in a project

In critical path analysis, what is the latest finish time (LFT) used to determine for a specific activity?

• The latest possible time that an activity can finish without delaying the overall project

• The dependencies it may have with other tasks

• The time required to complete the activity

• The earliest time that an activity can begin

How does critical path analysis improve efficiency in production?

• By limiting the number of tasks in a project

• By guaranteeing the smooth completion of each project

• By reducing the time lost between different tasks

• By constructing network diagrams for small projects

TRUE OR FALSE

By constructing network diagrams for small projects

• True

• False

Which key term: denotes an event (or task), with the start and finish times of each activity in a network diagram.

• Node

• float

• dummy activity

• buffer

What type of tool is Critical Path Analysis?

• Situational

• Planning

• Decision-making