Back to Planning and Decision Making

Higher Applications of Mathematics

Planning and Decision Making reference

Quick reference cards for activity networks, critical path, PERT estimates, Gantt charts, expected value, risk and decisions.

Activity

A task that must be completed as part of a project.

Use when

Use when breaking a project into smaller steps.

Key method

Name each activity clearly, often with a letter such as A or B.

Example

Book transport is one activity in a school trip plan.

Duration

The time an activity is expected to take.

Use when

Use when scheduling or finding project length.

Key method

Record durations in consistent units such as hours or days.

Example

Printing posters may take 2 days.

Dependency

A rule showing that one activity must happen before another.

Use when

Use when activities cannot all start at the same time.

Key method

List immediate predecessors before drawing a network.

Example

Tickets must be designed before they can be printed.

Activity-on-node diagram

A network diagram where each node is an activity.

Use when

Use to show project order, dependencies and timing.

Key method

Draw arrows from prerequisite activities to later activities.

Example

A -> C means A must finish before C starts.

Earliest start

The earliest time an activity can begin.

Use when

Use during the forward pass of critical path analysis.

Key method

Earliest start is the largest earliest finish of its predecessors.

Example

If predecessors finish at 4 and 7, earliest start is 7.

Earliest finish

The earliest time an activity can be completed.

Use when

Use to find the minimum project duration.

Key method

Earliest finish = earliest start + duration.

Example

Start 7, duration 3 gives finish 10.

Latest start

The latest time an activity can start without delaying the project.

Use when

Use during the backward pass.

Key method

Latest start = latest finish - duration.

Example

Latest finish 12, duration 5 gives latest start 7.

Latest finish

The latest time an activity can finish without delaying the project.

Use when

Use to calculate float and identify critical activities.

Key method

Work backwards from the final project time.

Example

If the next activity must start by 9, the latest finish is 9.

Float

How long an activity can be delayed without delaying the project.

Use when

Use to decide which tasks have spare time.

Key method

Float = latest start - earliest start.

Example

Latest start 8 and earliest start 5 gives float 3.

Critical activity

An activity with zero float.

Use when

Use when identifying tasks that control the project duration.

Key method

Critical activities have earliest start equal to latest start.

Example

A delay to a critical activity delays the project.

Critical path

The chain of critical activities from start to finish.

Use when

Use to find the minimum project time.

Key method

Follow activities with zero float through the network.

Example

A-C-F may be the critical path for a community event.

PERT estimate

A weighted estimate using optimistic, likely and pessimistic times.

Use when

Use when task duration is uncertain.

Key method

Expected time = (optimistic + 4 x likely + pessimistic) / 6.

Example

(2 + 4 x 3 + 8) / 6 = 3.67 days.

Gantt chart

A timeline chart showing when activities happen.

Use when

Use to communicate schedules clearly.

Key method

Draw bars against a time scale for each activity.

Example

A bar from day 3 to day 6 shows a 3-day activity.

Expected value

A long-run average value using probabilities and outcomes.

Use when

Use to compare uncertain options.

Key method

Expected value = sum of probability x value.

Example

0.2 x 100 + 0.8 x 10 = 28.

Risk

The chance and impact of an uncertain event.

Use when

Use when a decision could have different outcomes.

Key method

Consider likelihood, impact and possible control measures.

Example

Bad weather is a risk for an outdoor school event.

Cost-benefit decision

A comparison of costs, benefits, risks and practical constraints.

Use when

Use when choosing between realistic options.

Key method

Compare values, explain assumptions and justify the decision.

Example

A cheaper option may not be best if delay risk is high.