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In project management, float or slack is the amount of time that a task in a project network can be delayed without causing a delay to: [1]: 183 subsequent tasks ("free float") project completion date ("total float"). Total float is associated with the path.
CPM Total Float is measured by how much an activity may be delayed without delaying the project completion date. In GPM this is called float, with the distinction that it is measured with respect to planned dates rather than early dates. Thus, the GPM value of float plus drift is analogous to Total Float in CPM. [1]
In project management, a critical path is the sequence of project network activities that adds up to the longest overall duration, regardless of whether that longest duration has float or not. This determines the shortest time possible to complete the project.
In project management, resource smoothing is defined by A Guide to the Project Management Body of Knowledge (PMBOK Guide) as a "resource optimization technique in which free and total float are used without affecting the critical path" of a project. [1]
PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F).. The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project.
The precedence diagram method (PDM) is a tool for scheduling activities in a project plan. It is a method of constructing a project schedule network diagram that uses boxes, referred to as nodes, to represent activities and connects them with arrows that show the dependencies. It is also called the activity-on-node (AON) method.