Benefits of Critical Path

• CPA allows a business to improve efficiency of its resources
• If a business can reduce the time taken to complete a project it can translate these savings in time into cost savings, therefore increasing competitiveness
• The process lets a business know precisely when activities when activities are scheduled to take place, this should improve the efficiency of resources
• CPA can be used to help control and review, progress can be monitored against the CPA
• CPA forces managers to engage in detailed planning, this helps the business to reduce the risk of delays
• The businesses relationships with its customers can be improved, as CPA can provide detailed information on the schedule for the completion of a project
• During the operation of the project, CPA can be used to calculate the likely impact of any delays that are unavoidable
• CPA helps a business to estimate the minimum time within which it is possible to complete a project
• By identifying the critical activities that cannot be delayed without delaying the completion of the project, CPA gives a business the opportunity to focus its attention on the more 'important' tasks
• The network helps a business to calculate the extent to which other activities can be delayed, this reduces the possibility of a project failing because the delay in a non critical activity suddenly becomes significant and causes that activity to be on the critical path
• CPA allows for a business to plan when it needs particular resources, this means the business can avoid holding unnecessary stock