In this standard you use your knowledge of networks to find the critical path in a project.
You will be expected to draw the network diagram and work out the different times that event can start and finish but also expect to draw an Gannt chart to schedule the tasks. You will also have to discuss what would happen if tasks take longer than expected.
The links below take you to NZQA's website and will provide more information about this topic
The standard
The clarification
Exemplar Task A - The new shopping mall
Exemplar Task B - Project planning
Drawing the Network diagram from a precedence table