Define slack time and its effects on a project schedule.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. Define slack time and its effects on a project schedule.
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Slack time is a term which is used to refer to the period of time to which a project might be delayed further on to its earliest commencement date without having an impact on it's deadline completion.
Slack time also called as float time is primarily applicable to projects and activities that doesn't have key functions inside a program evaluation and review template in the management of critical path project.
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