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Buy it Direct's new Operations Director is in charge of installing a new IT system for the warehouses - Edexcel - A-Level Business - Question 2 - 2022 - Paper 2
Question 2
Buy it Direct's new Operations Director is in charge of installing a new IT system for the warehouses. This project must be completed within 45 weeks. The Operations... show full transcript
Worked Solution & Example Answer:Buy it Direct's new Operations Director is in charge of installing a new IT system for the warehouses - Edexcel - A-Level Business - Question 2 - 2022 - Paper 2
Step 1
Potential value of critical path analysis
Answer
Critical Path Analysis (CPA) helps Buy it Direct in scheduling activities within the project simultaneously, ensuring that the overall timeline is efficient. It identifies the critical activities—especially those that cannot be delayed without affecting the project deadline. For instance, the analysis shows that the total duration of the project, including critical activities (A, B, C, D, E), is 41 weeks, which is 4 weeks less than the 45-week target. This buffer allows for flexibility in managing unforeseen delays.
Step 2
Potential drawbacks of CPA
Answer
While CPA can enhance project management, there are potential drawbacks. The new Operations Director may lack experience, leading to inaccuracies in project duration estimates. Moreover, unexpected factors, such as equipment delays or staff shortages, could extend the project timeline beyond the calculated 41 weeks. If key activities are not managed precisely, it could jeopardize deadlines and project quality.
Step 3
Actionable insights from CPA
Answer
CPA provides actionable insights regarding resource allocation. By pinpointing which activities are critical, Buy it Direct can prioritize resources to ensure timely completion of essential tasks. Furthermore, it allows the management to forecast cash flow needs, assuring that suppliers are paid in line with project requirements.
Step 4
Conclusion
Answer
In summary, while the Critical Path Analysis is a valuable tool for the effective management of the IT system installation, Buy it Direct must also consider the potential for delays and the inexperience of the new Operations Director. With proper oversight and adjustments, CPA can significantly improve project monitoring and control.