Final answer:
Schedule Network Analysis produces a project schedule with a list of activities and their planned start and finish dates, using techniques like CPM and PERT to determine the critical path and estimate total project duration.
Step-by-step explanation:
Schedule Network Analysis is an extensive method used in project management that produces a project schedule. A project schedule consists of a list of activities, with their corresponding start and finish dates, and is usually displayed in the form of a Gantt chart. The process includes various analytical techniques, such as Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT), to calculate the earliest and latest possible start and finish times for project tasks and to estimate the total project duration.
These techniques help project managers identify the sequence of tasks that directly affect the completion date of a project, known as the critical path. By knowing the critical path, project managers can prioritize tasks that must be completed on time to avoid delaying the project. Schedule Network Analysis also aids in identifying potential areas of flexibility and the minimum amount of time necessary to complete a project.