CPA

Question 1

CPA advantages

Answer 1

• Helps to reduce project length
• Helps to ensure that products only arrive when needed (JIT), so not tying up capital in stock, benefitting cash flow.
• Better use of resources, workers not hanging around.

Question 2

CPA disadvantages

Answer 2

• Time consuming to construct and complex sometimes.
• Based on forecasted data and the experience of the person conducting the analysis, may be more accurate with more experience.
• Doesn’t take into account any external factors such as weather, traffic, resources.

Question 3

Float time

Answer 3

LFT - Task length - EST

Question 4

What is CPA

Answer 4

Process used to find the most cost effective and quickest way of completing a project.