Definition of Network Analysis:-
It is a powerful technique for understanding the necessary sequence of events within a plan and how the plan’s required timescale compares against any deadline.
Why Network Analysis is used?
It can help a company to figure out:-
- How long the project will take to complete (duration of the project).
- Which activities are critical and have to be done on time.
- Whether the company should speed up the project.
- The least costly way to speed up the project.