Forces management to think through and plan for complex project before undertaking it
Identify the shortest time period in which a project can be completed, shortening the time from conception to implementation
Can be used as a planning and monitoring tool as well as to aid decision making.
May be beneficial to see which store/ or product can be launched quicker in order to start generating cash inflows.
Helps with the implementation of JIT as the EST of an activity would indicate when materials would be needed.
Also allows managers to allocate resources more effectively. Staff can be allocated to set tasks or redeployed to focus on critical activities to ensure a project is not delayed.
Motivational as provides clear targets
Also a tool from which to monitor and review progress
Help in financial planning as will indicate when more money will be needed to fund certain parts of a project- more accurate budgeting and cash flow forecasting.
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