10.3d CPA - Interpretation

Question 1

What does the critical path show?

Answer 1

The route where there is no float

Question 2

What does is mean if there is no float?

Answer 2

There is no room for delay in the activities if you want the project to finish in the shortest time possible

Question 3

What does the float show?

Answer 3

Those tasks which can overrun without holding up the project

Question 4

Total float time formula

Answer 4

Total float time = LFT - duration - EST

Question 5

Benefits of using CPA:

Answer 5

• Helps reduce risk and costs of complex projects
• Encourages careful assessment of requirements of each activity
• Decision-making tool

Question 6

Drawbacks of using CPA:

Answer 6

• Reliability based on accurate estimates and assumptions
• Does not guarantee success
• Too many activities may make diagram too complicated
• Takes time to plan
• Tight deadlines - lead to lower quality
• Doesn’t tell anything about costs or how good the project is