Which of the following statements is true of critical path analysis developed by entrepreneurs?
A)Entrepreneurs should not update their critical path analysis once the plan for a business is set.
B)Entrepreneurs should not share their critical path analysis with potential suppliers and industry experts.
C)Entrepreneurs should modify the critical path analysis during the process of actually accomplishing the tasks.
D)Entrepreneurs should treat the critical path analysis as a formal document for a business plan.

Question

Quizplus · Accepted Answer

Critical path analysis is a tool used by entrepreneurs to identify the most important tasks that need to be completed for a project or business to be successful. It helps in identifying the sequence of tasks, their interdependencies, and the estimated duration of each task. It is essential for entrepreneurs to modify the critical path analysis during the process of accomplishing tasks as unexpected outcomes, and new information can impact the original plan. This ensures that the plan stays relevant and adaptable to changes. Therefore, the statement that best describes critical path analysis is that entrepreneurs should modify the critical path analysis during the process of actually accomplishing the tasks.

Which of the Following Statements Is True of Critical Path