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What is the management significance of finding the critical path through a network?

1. Define the terms critical path, ES, and LF. 2. What is the management significance of finding the critical path through a network? 3. How is the Gantt chart used as a scheduling tool? When should the Gantt chart be used in preference to network based methods? 4. What is meant by the need to make trade-offs between cost, performance, and schedule? Give examples. 5. Why are a forward pass and a backward pass needed to produce a project schedule? 6. What is the definition of the earliest and latest start times of an activity and the earliest and latest finish times of an activity?

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