Critical Path Analysis (HL)
IB Business Management
What is Critical Path Analysis?
Critical Path
👉 If a task on the critical path is late, the whole project will be late.
Bobo Pizza
There is a family-run pizza restaurant in Town X called Bobo Pizza that serves amazing pizza and is very successful even though none of the family members running the restaurant have a business degree. The restaurant has been serving the best pizza in town for more than 10 years and looks a little bit outdated, so Bobo Pizza management shut it down for a month for renovation. A wonderful and smart IB BM student (you) who happened to know about the Bobo Pizza renovation project decided to see if it could have been completed in less than a month. All the renovation tasks and their duration are summarised below.
As you can see from the table above, task D (installation of new kitchen equipment) can only start after task B is completed (removal of old kitchen equipment). At the same time, task E (repainting the walls in the dining area) can only begin after task C is completed (removing old furniture from the dining area). Lastly, task F (new dining area furniture assembly) can only commence after task E is completed (repainting the walls in the dining area). Tasks B, C, D, E, and F are allocated to one of the two rooms in the building (kitchen and the dining area), while tasks A and G are for the entire building.
Duration of project tasks under arrows that represent the project tasks:
Question: Complete the rest of the Critical Path Diagram
Lewinski Above Diagram (ANSWER Question 2)
Question 3: Complete the rest of the Critical Path Analysis
Lewinski Above Diagram (ANSWER Question 3)
Question 4: Identify the Critical Path
Question 5: Calculate the Float (Slack) time of activity B
Question 6: Calculate the Float time of activity D
ANSWERS
Question 4: Critical Path: A, C, E, F, G
This is because if any of these activities are delayed then the entire project will be delayed.
Question 5: The Float (Slack) time of Activity B is 5 Days
Question 6: The Float (Slack) time of Activity D is 5 Days
Advantages - Critical Path Analysis
Disadvantages - Critical Path Analysis
Hard Example
Free Float Time Formula
Free Float = EST of next Activity - Earliest finish of this activity*
Earliest finish = Earliest start + time to complete
ANSWERS
X = 2+4 = 6
Y = 22 - 5 = 17
F, H, J, K
Total Float = LFT - Duration - EST
22 - 5 - 12 = 5
Total Float = LFT - Duration - EST
22 - 8 - 14 = 0
Free Float = EST of next Activity - Earliest finish of this activity*
Earliest finish = Earliest start + time to complete
12-6+4
Congratulations on Finishing Critical Path Analysis!