FIN5003 Project: Critical Path Analysis in Project Management

Desklib provides past papers and solved assignments for students. This project analyzes critical paths in project networks.

FIN5003 PROJECT
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Table of Contents
(a).....................................................................................................................................................3
(b).....................................................................................................................................................4
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(a)
3
BBEGIN
D
A C
E
H
G END
6 3 3
2 7 8
3
F

(b)
Critical path has a longest duration in the project network. All the activity on critical path has same
starting and finishes timings. It is used to identify the core activities in the projects.
Critical path analyses
No. Path Duration (Weeks)
1 A-B-F 17
2 A-B-C-G 20
3 A-D-E-G 23
4 A-D-H 11
5 A-D-F 16
Critical path is A-D-E-G with the duration of 23 weeks.
Activity Duratio
n
ES EF LS LF
A 6 0 6 0 6
B 3 6 9 9 12
C 3 9 12 12 15
D 2 6 8 6 8
E 7 8 15 8 15
F 8 9 17 15 23
G 8 15 23 15 23
H 3 8 11 20 23
Figure: Statement showing earliest stating and finish timing as well as latest starting and finish
timing of the activities.
Earliest starting time represent the minimum time required to star the activity.
Earliest finish time represent the minimum time required to complete the activity. It is
calculated by addition of Duration and Earliest starting time of the activity.
Latest starting time represent the maximum amount of time in which activity should started. It
is calculated by deducting duration of activity from latest finish time of the activity.
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Latest finish time represent the maximum amount of time in which activity needed to
completed.
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