What key analytical method does MIP 3.4 employ?

The correct analytical method employed by MIP 3.4 is Windows Analysis using modeled logic. This technique is particularly effective for analyzing project schedules and understanding their impacts over time. Windows Analysis allows planners and schedulers to break down the project timeline into manageable segments or "windows," where one can analyze the progress and performance of each segment independently.

Using modeled logic enhances the ability to assess how various activities interrelate and how changes in one segment can affect subsequent phases of the project. It helps in identifying critical paths, delays, and bottlenecks more efficiently, thereby providing insights that are essential for effective project management and scheduling decisions. This method is particularly valuable in adapting and optimizing project schedules in response to changing conditions or unexpected challenges.

The other options, while related to project management, do not accurately represent the primary focus of MIP 3.4’s analytical approach. Cost-benefit analysis focuses more on financial aspects, risk quantification techniques are centered on assessing uncertainties and their potential impacts, and detailed time tracking involves closely monitoring the duration of project phases rather than analyzing them through modeled windows.