Business – 9.3 Operations strategy – Operations planning and CPA | e-Consult
9.3 Operations strategy – Operations planning and CPA (1 questions)
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A network diagram is a visual representation of the sequence and inter‑relationships of activities required to complete an operation. Its purpose is to provide a clear overview of the workflow, allowing managers to plan, schedule and control the project effectively.
- Key elements: activities (or tasks), durations, dependencies (precedence relationships), start and finish points.
- Critical path identification: By calculating the longest continuous path through the network, the critical path is revealed. Activities on this path have zero slack and dictate the minimum project duration. Managers can focus resources on these tasks to avoid delays.
- Timeline management: Early start (ES), early finish (EF), late start (LS), late finish (LF) and slack for each activity can be derived, enabling effective monitoring and adjustment of schedules.