Critical Path Analysis (Edexcel A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
Critical path analysis (CPA) purpose
Critical path analysis (CPA) purpose
Calculates minimum time needed to complete a project
Network diagrams in CPA
Network diagrams in CPA
Maps tasks showing sequence, duration & dependencies visually
Earliest start time (EST)
Earliest start time (EST)
Soonest a task can begin
EST rule when multiple paths converge
EST rule when multiple paths converge
Choose longest time - task waits for all preceding tasks
Latest finish time (LFT)
Latest finish time (LFT)
Latest task can finish without delaying entire project
How to calculate LFT
How to calculate LFT
Work backwards: LFT at next node - task duration
Critical path
Critical path
Sequence of tasks determining overall project duration
How to identify critical path
How to identify critical path
EST = LFT at nodes AND longest route through network
Total float formula
Total float formula
LFT - EST - Duration
Free float
Free float
Time task can be delayed without delaying next task