Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
Critical Path Analysis (CPA)

Critical Path Analysis (CPA)

Ratings: (0)|Views: 16 |Likes:
Published by ClassOf1.com
CPA involves drawing a network diagram that indicates the shortest possible time in which a project can be completed. The activities − that must be completed to achieve this shortest time − make up what is known as the critical path.
CPA involves drawing a network diagram that indicates the shortest possible time in which a project can be completed. The activities − that must be completed to achieve this shortest time − make up what is known as the critical path.

More info:

Categories:Topics
Published by: ClassOf1.com on Oct 09, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

10/09/2013

pdf

text

original

 
 
OperationsManagement
 
LEARN TO EXCEL
Homework Help
24/7 Support
Step-by-Step Solutions
Experienced TutorsDetailed Explanationwww.classof1.com/homework-help/operations-managment
 
 *
The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not forsubmitting the same in lieu of their academic submissions for grades.
Subject: Operations Management
 
Critical Path Analysis (CPA)
 
Operational resources are expensive and the most expensive resource is that which is unused orunderused
unused stocks take up space and working capital; machinery left idle wastes capitaland can require protective maintenance; labor waiting for supplies to arrive will add unnecessarily to the wages bill. Efficient firms will always aim to use their resources as intensively as possible andavoid wasted time and idle assets. Keeping assets busy is not always as easy as it sounds, especially  when the project is a complex one.Consider the construction of a house:a.
 
The builder only wants to employ specialist staff on a subcontract basis when the job is ready for their particular skills. b.
 
He also wants to order bricks and other materials to arrive just as they are needed, not weeks before, blocking up the site, wasting working capital and inviting theft.c.
 
He certainly does not want them three days after the bricklayers require them.d.
 
Specialist equipment is often hired and to keep this a day more than necessary will raisecosts and affect cash flow.How can all of the different tasks involved in building a house be put into order so that the rightgoods and labor can be employed just at the right time? The answer for many businesses is to use atechnique known as critical path analysis (CPA)
also known as network analysis. CPA involvesdrawing a network diagram that indicates the shortest possible time in which a project can be
completed. The activities − that must be completed to achieve this shortest time − make up what is
known as the critical path. The process of using CPA involves the following steps:i.
 
Identify the objective of the project, e.g. building a factory in six weeks.ii.
 
Put the tasks that make up the project into the right sequence and draw a network diagram.
 
 *
The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not forsubmitting the same in lieu of their academic submissions for grades.
Subject: Operations Management
 
iii.
 
 Add the durations of each of the activities.iv.
 
Identify the critical path
those activities that must be finished on time for the project to befinished in the shortest time. v.
 
Use the network as a control tool when problems occur during the project.
Network diagram
is used in critical path analysis that shows the logical sequence of activitiesand the logical dependencies between them
and the critical path can be identified. When usingCPA for a completely new project, there may be considerable guesswork involved in estimating thedurations for each activity 
as there will be no previous experience to go on. Although themanipulation of the network and of duration and float times is likely to be aided by computer, itcan take skilled labor hours to put a complex project on to a computer. This time and the relatedexpense must be justified by the subsequent cost and efficiency savings of applying the technique.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->