ADM 2302 Lecture Notes - Lecture 22: Critical Path Method, Beta Distribution, Computer Simulation

• School: University of Ottawa
• Department: Administration
• Course: ADM 2302
• Professor: Jonathan Yu- Meng L I

Document Summary

Slack is the length of time an activity can be delayed without delaying the entire project. (it is a free time for an activity ): slack = lst est or slack = lft eft. > activities with 0 slack are critical activities. > the critical path is a continuous path through the network from start to nish that includes only critical activities (there will always be one think about why) > can calculate the minimum project completion time by summing the completion times of each activity on the critical path. > so, minimum project completion time : = 2 + 2 + 4 + 5 + 2 = 15 weeks. > there might exist multiple critical paths in a project. > cp assumes completion times of activities are xed but this is rarely the case . > activity times are usually estimates that are subject to uncertainty.