Advantages of Network Modeling

Network-based scheduling can significantly improve the execution of a project. A network helps in scheduling the activities involved in a project based on the probable time required to complete each activity. The advantages of network-based scheduling techniques are as follows:

1. The activities to be performed are visually represented; thus, the process of identifying and scheduling activities is simplified. Further, teams can improve communication and coordination as they can see the effects of their work on others and vice versa.

2. Networks provide an estimate of the duration of the projects at the given resource level.

3. They help operations managers in identifying the critical or potentially troublesome activities and their effects on the execution of the project.

4. They provide methods for tracking the status of the project and evaluating time-cost trade-offs that result from resource allocation.

5. They provide means for estimating the time and cost impact of changes in the project at the planning stage.

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