No.7 Ensuring Reasonable Total Float

No.7 Ensuring Reasonable Total Float

Ensuring reasonable float in a project schedule is crucial for the successful completion of a project. Float, also known as slack, is the amount of time a task can be delayed without delaying the completion of the project. Having reasonable float in a schedule allows for flexibility and the ability to handle unforeseen events, such as delays or changes in scope. According to the Project Management Institute (PMI), float is a key aspect of project scheduling and should be carefully managed to ensure the successful completion of the project. PMI suggests using a critical path method (CPM) to identify the tasks with the least amount of float and to focus on those tasks to ensure they are completed on time. PMI also recommends regularly reviewing and updating the schedule to ensure that float is being used effectively and to make any necessary adjustments. The Association for the Advancement of Cost Engineering International (AACEI) also emphasizes the importance of float in project scheduling. AACEI suggests using a schedule network analysis to identify the critical path and to determine the amount of float available for each task. They also recommend regularly monitoring the schedule to ensure that tasks are being completed on time and that float is being used effectively. In conclusion, reasonable float is crucial for the successful completion of a project. It allows for flexibility and the ability to handle unforeseen events. PMI and AACEI both recommend using a critical path method and regularly reviewing and updating the schedule to ensure that float is being used effectively.