Module 26- Critical path Flashcards
Float/Slack
sometimes called slack, is the amount of time an activity, network path, or project can be delayed from the early start without changing the completion date of the project.
Forward pass
this is when you start assigning dates based on the earliest start date, adding dates based on your estimates for each task in the diagram.
Backward pass
If you reverse that process and know the required end date of the project, you can start from the end date and do a backward pass. This will show the latest date you can start the project and finish on time.
free float
Free float is when activities can be delayed without affecting the project completion date.
Negative Float
Negative float means that the calculated completion of the last activity in the critical path is later than the project completion date.
Total Float
Total float is the difference between the finish date of the last activity on the critical path and the project completion date.
Schedule Compression
is the reduction of the overall project timeline to the least possible length for the least cost to the project.
Crashing
accelerate the development or progress of (a person or project).
Critical chain
adds in the scheduled time buffers to successfully manage the limited resources.