Free Slack Notes: Definitions & Explanations PDF | Download eBooks
Study Free Slack lecture notes PDF with project management definitions and explanation to study What is Free Slack?. Study free slack explanation with project management terms to review project management course for online MBA programs.
Free Slack Definition:
Free Slack is the amount of time a particular activity can be postponed without delaying the earliest start time of its immediately succeeding activities.
Successful Project Management by Jack Gido and James P. Clements
Free Slack Notes:
Sometimes an activity takes more time than the estimated duration. Moreover, activities can be postponed due to different reasons. The amount of time an activity can be postpones without affecting the successor activity's start time is called free slack. To calculate the value of free slack, total slack values must be known. Free slack is the relative difference between the total slack values of the activities that enter into a particular activity. Considering the activities that enter into an activity, the lowest slack value is found and it is subtracted from the total slack values of the remaining activities entering into the said activity. The answer shows the value of free slack. As free slack is a relative difference so its value is always positive.
Keep Learning with Project Management Notes
What is To-Completion Performance Index?
It is important to monitor if the actual work performed is according to the plan/schedule and within the planned budget. ...
What is Controlling?
One of the responsibilities of a project manager is controlling the project. It involves tracking the actual progress of the ...
What is Directions of Influence?
A technique to represent stakeholder data is stakeholder mapping and representation. Different methods are used for stakeholder mapping and representation. ...
What is Conducting Procurement?
After the potential sellers or vendors are identified, a request is sent to them to submit proposals. In response to ...
What is Resource Smoothing?
A project can need more resources than available. This means that the resources are limited for a particular project.Limited resources ...
What is Communication Technology?
There is a need of communication at different stages of the project and among different people. The communication can be ...