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Define the critical path analysis in risk management.
Critical path analysis (CPA) or network analysis:
Gantt charts are a poor time management tools while projects are lengthy and complicated. There frequently exists in huge projects a high interdependency among various tasks for examples some activities cannot start, till others have been finished first, thus several activities are interrelated. Gantt charts into such circumstances are less desirable since they do not display or show interdependencies. Network or critical path analysis can exhibit more logically the order and timing of every activity, they communicate interdependency and a more effectual time management tool for huge and complicated projects.
A strategy for project implementation Projects involving small number of activities, resources, constraints and inter-relationship can be visualized easily by the human m
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Improving the quality of manufactured parts and decreasing the production cycle time requires the use of high powered software programs integrated with computer controlle
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QUESTION Risk is inherent to all projects. With increasing market competition, technology and globalisation, risk management is continuously gaining wider acceptance and import
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