Slack Time= LST (27th of October)- EST (15th of October) In this case, your calculation should be as follows: You realize that the earliest start time is the 15th of October and the latest start time is the 27th of October. Let’s say that you have to complete a task in a project by the 3rd of November. In this case, the latest start date is October 15th.įinally, calculate the slack time by subtracting the earliest from the latest. Next, determine the latest possible start time. For this example, the earliest date is October 10th. The following example outlines how to calculate slack time.įirst, determine the earliest possible start date. Two different examples of slack time calculation will be provided in order to better clarify the process. Examples of slack time calculationĪs a project manager, you can easily use the abovementioned formula in order to perform a slack time calculation. ST is the slack time 2) LST is the latest possible start time 3) EST is the earliest possible start timeįrom a mathematical standpoint, slack time is equal to the latest possible start time minus the earliest possible start time, and any time after the latest start time would result in project failure. The following formula is used to calculate slack time: The calculation of slack is rather straightforward and it contains only a few simple steps. From the viewpoint of the project manager, slack is an important prioritization tool that allows them to consider the best ways of allocating specific tasks to ensure greater productivity. In fact, such missteps might have a critical impact on the entire success of the project. In addition to staff and equipment expenses delays have a negative domino effect on other activities in the project. Slack also helps you as a project manager to have a clear understanding of the importance of particular tasks in a project. Furthermore, projects which involve slack time tend to be of a higher quality and stay within the limited budget. This allows the development of a more realistic timeline for the activities. First, slack time indicates the amount of flexibility you as a project manager has in your project. Slack time is an important aspect of a project and therefore you as an aspiring manager ought to have a clear understanding of its relevance. Furthermore, this form of delegation will leave you more free time and will provide your workers with more autonomy. ![]() Second, you must understand the importance of teamwork and allow your team to make suggestions on how to make the best use of the time. First, you as the project manager must have a clear focus on your project goals to ensure that the deadlines will be met. There are two factors that must be taken into consideration in order to make the best use of slack time. The phenomenon of slack time happens as a result of productivity imbalances among workers and it is the responsibility of the project manager to ensure that project deadlines are met. Why is slack important in project management?.How do you calculate slack time in project management?.Slack Time in GANTT chart and PERT Network.
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