Meaning of critical path analysis

 

 

 

Critical path analysis

 

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Business glossary

 

Meaning of term critical path analysis :

 

Critical path analysis is a technique used by firms to identify the most efficient method of carrying out production or a part of production. The process involves identifying all the operations required, how long they will take and which operations are dependent on each other. From this the firm can produce a network diagram showing the earliest start time and the latest finishing time of each operation. From this diagram they can identify the critical path - the most efficient method of production and the optimum order of the operations.

 

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Critical path analysis

 

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Meaning of term critical path analysis

 

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Meaning of term critical path analysis