UBS

Float

What is Float?

Simply said, project management float refers to the amount of time a task can be delayed without causing the entire project to be delayed. However, there’s a little more to it. In fact, project managers use two different types of float to manage task timelines: total float and free float.

Total float refers to how much time a task can be moved without affecting the project’s final delivery date. When project managers talk about project floats, they’re usually referring to this. The amount of time a task can move without affecting other tasks in its route is known as free float. The distinction is important because a task delay isn’t a big deal if the next task has enough free float to absorb it. However, if the delay exceeds the total float, the project’s completion date may be compromised.

While one of the most common reasons project managers compute float is to figure out how to best rearrange work in the event of an unforeseen delay, there are various other methods to benefit from float time. The following are some of the most essential reasons why float is crucial in project management:

  • It ensures that the project stays on track
  • It enhances teamwork and collaboration
  • Floats make it easier to prioritize tasks
  • It can reduce stress

Also, See: Contingency Plan

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