The benefits and limitations of CPA as a management tool
What are the advantages of using CPA in project management?
CPA (Critical Path Analysis) is a project management technique that identifies the critical path—the sequence of activities with zero float or slack—in a project schedule. Advantages of using CPA include identifying project duration, determining the most critical activities, managing project dependencies, identifying potential bottlenecks, facilitating resource allocation, and enabling effective project scheduling and control. CPA helps project managers optimize project timelines, mitigate risks, and ensure timely project completion.
What are the limitations of CPA?
Some limitations of CPA (Certified Public Accountant) include the potential for human error, limited scope in specialized areas, ethical challenges, and the need to stay updated with changing regulations and standards.