Total Slack Notes: Definitions & Explanations PDF | Download eBooks
Study Total Slack lecture notes PDF with project management definitions and explanation to study “What is Total Slack?”. Study total slack explanation with project management terms to review project management course for online MBA programs.
Total Slack Definitions:
Total slack is is the difference between the calculated earliest finish time of the very last activity and the project's required completion time.
Successful Project Management by Jack Gido and James P. Clements
Total slack/total float is measured by the amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Total Slack can be defined as the difference between the latest allowable date and the earliest expected date.
Project Management: A Systems Approach to Planning, Scheduling, and Controlling by Harold Kerzner?
Total Slack Notes:
Sometimes an activity takes more time than the estimated duration. This time must be calculated in order to know if this delaying has any effect on the total project completion time. The difference between the earliest finish time of the last activity of the project and the required project completion time is called total slack. Total slack is also called float. Total slack can be positive or negative. A positive slack shows the maximum amount to time the activity can be delayed without affecting the project completion time. Negative slack time shows the amount of time the activities must be hurried in order to complete the project on time. A zero slack shows that the project will be completed exactly on time and no activity can be postpones or delayed not just even for a little bit.
Keep Learning with Project Management Notes
What is Pre RFP?
Some contractors develop strong relationships with the potential customers in order to submit proposal before a request for proposal is ...
What is Controllability?
Risk assessment involves analyzing the project related risks. For assessment, the important things to be considerd are the chances of ...
What is Strategic Business Unit?
Sometimes, an organization involves a number of businesses. These organizations, nowadays, have restructured to form strategic business units. A strategic ...
What is Fixed Price Incentive Fee?
A legal document that lists the terms and conditions of working, agreed by two parties is called a contract. Contracts ...
What is Procurement Negotiation?
To conduct procurement effectively, an important interpersonal skill used is negotiation. Negotiation is a formal or informal dialogue between two ...
What is Closing Project or Phase?
The Closing Process group deals with the formal closing of a project or a contract. The major process involved in ...