Concept explainers
A
Interpretation: The critical path and expected time to complete the project are to be determined.
Concept Introduction: Critical path refers to set of network activities sequence in the project needed to operate the project in least possible time.
B
Interpretation: Total project cost from day 1 till the completion of the project needs to be plotted. Implications of the time differential on the cash flows and project
Concept Introduction: The earliest start times refers to earliest time the activity of a scheduled project may begin equalizing earliest times of completing all its predecessor activities and latest start times used in PERT analysis describing a portion of the project must be started so that project finish time cannot be delayed.
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