How to calculate slack?
Understand the Problem
The question is asking for a method to calculate slack, which is a concept often used in project management and scheduling. It generally refers to the amount of time that a task can be delayed without delaying the project. The high-level approach will involve explaining the formula and factors considered in the calculation.
Answer
Slack Time = LST - EST or Slack Time = LFT - EFT
The slack time can be calculated using either the start times or finish times: Slack Time = LST - EST, or Slack Time = LFT - EFT.
Answer for screen readers
The slack time can be calculated using either the start times or finish times: Slack Time = LST - EST, or Slack Time = LFT - EFT.
More Information
Slack, also known as float time, is the amount of time that a task can be delayed without causing a delay to the project completion date or the start of a subsequent task.
Tips
Ensure to differentiate between Latest Start/Finish Times and Earliest Start/Finish Times to avoid confusion.
Sources
- Slack Time in Project Management - Smartsheet - smartsheet.com
- The ultimate guide on how to calculate Slack time (2024) - TimeTackle - timetackle.com
- How To Calculate Slack Time (Formula for Project Management) - indeed.com
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