in which stage in the project life cycle would critical path calculations be performed course hero

What is the duration of the critical path of a project?

It is 31 months because you cannot complete your project in less time, and this is the duration of the critical path. This proves the second statement that says, “The critical path is the shortest duration in which you can complete the project.” So, both definitions are the same.

What is the first step in the project life cycle?

Step 1. Initiation project life cycle The first project management stage is initiation. Often considered the most important stage of project management, the project initiation phase includes all the preliminary work that must be done before any other project activities can take place.

What is project planning life cycle?

Planning project life cycle In the project planning stage, you flesh out the details of your project and create a successful project plan. Those details can be divided into four broad categories: 1.

How we can have more than one critical path?

How we can have more than one critical path, if we do then how we can manage more than one critical path and which critical path will represent project duration? If the duration of two path is same, you will have two critical path and you have to manage both of them.

What is the first stage of project management?

The first project management stage is initiation. Often considered the most important stage of project management, the project initiation phase includes all the preliminary work that must be done before any other project activities can take place. Exactly how many steps are in the initiation phase depends on what sector you’re in ...

When should a project be closed?

Projects should only be considered closed when all stakeholders are satisfied as to the successful completion of the project’s objectives. A project manager will often hold an evaluation meeting to assess the successes and shortcomings of the project and to recognize the contributions of team members.

What does it mean to close a project?

Closing a project involves obvious steps like delivering the product to customers and submitting final reports. The project manager must ensure that every aspect of the project has been correctly completed, all documents have been updated, and all deliverables have been formally accepted.

Why is timeline important in project management?

A detailed timeline in project management is essential to keeping your project on time. Set milestone expectations for each project step and estimate how much time major tasks should take.

What is Kissflow project?

Kissflow Project is built for people who have lots of experience in the business world but aren’t as familiar with project management software. Project Management can be overwhelming, but hopefully, you feel a bit more able to tackle the job now that you understand the stages of project management.

Do projects have an end date?

Projects have an end date, but they aren’t as predictable as processes, and they’re comprised of multiple tasks, people, and teams. Everyone involved needs transparency on the project so they know what project tasks have been completed and what’s still left to be done.

What is critical path?

Every path has a duration and the one with the longest duration is the critical path. You can define a critical path as: The longest path in the network diagram, or. The shortest duration to complete the project.

Why is 31 months critical path?

It is 31 months because you cannot complete your project in less time, and this is the duration of the critical path. This proves the second statement that says, “The critical path is the shortest duration in which you can complete the project.”. So, both definitions are the same.

How many critical paths should a network diagram have?

In ideal conditions, a network diagram should have one critical path. If it has more than one critical path, you will be in a difficult situation because you will have to manage more than one critical path. The critical path has the longest duration, and it is the project’s duration.

How long does it take to develop a network diagram?

You calculate the duration for each path. For the first building, the duration is 31 months, the second will take 18 months, and the third will require 13 months.

Why is the longest path on a network diagram?

It is the longest path on the network diagram because you cannot complete your project before finishing the first building. Although you can complete the other two buildings quickly, your project is not considered complete until the first building is.

How long does it take to build a second building?

This means that you can wait 13 months then you can start working on the second building because you can complete the second building in 18 months. Likewise, you could wait 18 months and then start working on the third building because it will take only 13 months to complete.

Which path has the longest duration?

The critical path has the longest duration, and it is the project’s duration. Activities on the critical path have no float; therefore, you must ensure that critical activities complete on time. Any delay in a critical activity will delay the project.