2. *
*Critical Path Analysis is a tool that
helps you plan and manage projects.
It allows you to plan all the stages of
the given project and monitor
project goals.
3. *
*The Critical Path Analysis is useful
when sequential steps (one part of
the project cannot be started until
another is already done) and parallel
steps need to be taken in order to
achieve the goal of the said project.
4. *
*Step 1. List all activities in the plan
*All input data needs to be taken into
consideration
*Step 2. Plot the activities as a circle and arrow
diagram
*A “simulation” of what will happen when a plan
is put into action needs to be done so a decision
on the optimal plan can be made
5. *
*What tasks must be carried out.
*Where parallel activity can be performed.
*The shortest time in which you can complete a project.
*Resources needed to execute a project.
*The sequence of activities, scheduling and timings
involved.
*Task priorities.
*The most efficient way of shortening time on urgent
projects.
6. *
*When the need to finish the project earlier
than anticipated arises a new planning is
needed
*Creating a new plan may shift the critical path
and as such the end result might be different
than anticipated (the result in itself might not
be reached or the costs might be higher than
desired)
7. *
*PERT is similar to CPA, but it focuses more on
the time element.
*For it’s use one must take into consideration:
the shortest, most likely and the longest time
period that any step of the project will take to
complete and reach a bias (and as such avoid
unrealistic deadlines).
