The network analysis is a method used to analyze, control and monitoring of business processes and workflows. Contrary to the work breakdown structure, a network diagram also considers the chronological order of activities, milestones and tasks, their durations and dependencies and visualizes them graphically or as a table, e.g. in a Gantt chart.
The network analysis enables project managers to take various factors into account when creating a project plan:
The network analysis method is often used in procurement and production in order to control project processes more efficiently and to complete projects on schedule and on budget.
Here is a step-by-step guide on how to conduct an example network analysis: Back to Basics (Part 10): How to Create a Project Network Diagram