Essential Mathematical Formulas for PMP Certification Test
Example
Assume you’re organizing a school science fair project and have a number of responsibilities to perform. Making posters is one of the tasks:
– You calculated that making posters would take three days. The scientific fair, on the other hand, is in 10 days.
So you have 7 days slack or float for this assignment since even if designing posters takes 3 days, you still have 7 days before the scientific fair begins. Because you have additional time, if the poster-making assignment is delayed by a couple of days, it will not influence the total completion of the project.
Assume that, owing to unanticipated events, the poster-making process takes 5 days rather than the planned 3 days. Even though you had 7 days of slack, the project is still on schedule since, even with the extra time spent on posters (5 days), there are still 5 days until the scientific fair begins.
Slack, also known as float, is essential in project management since it provides for flexibility. Tasks can be postponed within their slack time without affecting the overall project timeline. It aids in the management of unanticipated delays without jeopardizing the project’s completion deadline.