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Business Studies Factsheet: 03. Critical Path Analysis Basic Concepts

  • Business Studies Factsheet: 03. Critical Path Analysis  Basic Concepts

Business Studies Factsheet: 03. Critical Path Analysis Basic Concepts

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  • Code: BSA-FSPI-003
  • When a business has a complex project to complete which involves a variety of tasks, critical path analysis (or network analysis) is a technique that can be used to make things clearer and to help the business to use its resources most efficiently.  
    It shows in a diagram what tasks need to be done and in which order.  The calculations involved show how long the project should take and which tasks could delay the whole project.  CPA is useful for showing a business the fastest and cheapest way of completing a project. Projects can vary from building a wall to building a motorway!!