Describe the importance of network technique for a project or a business
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Answer:
importance of network analysis network technique a project has divided into many small activities and this activities can be analyzed with the help of network technique to achieve the objective of the project network analysis helps management to minimize the total cost and total maintenance time
Explanation:
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Answer:
Importance of network analysis in project management
Network analysis ensures the effective utilization of limited resources. It also ensures the optimal use of resources and help to control the idle resources so that project can be effectively executed within the budgeted costs and scheduled time.
There are a number of techniques used to create a project activity network. Some of the more commonly used techniques include Gantt charts, Critical Path Management (CPM) and the Project Evaluation and Review Technique (PERT).
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