Download Free Recent Quantitative Analysis Questions And Answers For Section 4
Explain briefly the network planning procedures. (5 marks)
- Define the project and all of its significant activities or tasks.
- Develop the relationships among the activities. Decide which activities must precede and follow others.
- Draw the network connecting all of the activities.
- Assign time estimates to each activity.
- Compute the longest time path through the network. This is called the critical path.
- Use the network to help plan, schedule, monitor and control the project.
Explain the following terms as used in network analysis:- Total float (2 marks)
- Free float (2 marks)
Independent float (2 marks)
- (i) Total float is the amount of time an activity or a path of activities could be delayed without affecting the overall project duration. It can also be defined as the amount of spare time available given the most favourable conditions.
Total float = Latest finish time – Earliest start time – Activity duration time.
TF = LFT – EST – D
- Free float is the amount of time that an activity can be delayed without affecting any other activity in the project.
Free float = Earliest finish time – Earliest start time – Activity duration time
FF = EFT – EST – D
- Independent float is the amount of time an activity can be delayed without affecting the next activity.
Independent float = Earliest finish time – latest start time – Activity duration time
IF = EFT – LST – D
CPA Section 4 Past Examination Papers and Answers
Download Other Education Resources From Our Sites
