Float Management
Float Management is to deal with depository or checking accounts that do not have any returns linked with them, i.e. it is poor position to leave too much money in checking accounts or other locations that do not maximize returns on that cash, i.e. do not or to a minimal degree earn interest income.
In project management, slack or float is the amount of time that a task in a project network can be detained without causing a delay to:
Subsequent tasks known as free float
Project completion date known as total float
An activity on critical path has zero free float, but an action that has zero free float may not be on the vital path. Total float is linked with the path. If a project network chart or diagram has 4 non-critical paths then that project would have 4 total float values. The total float of a path is the combined free float values of all activities in a path.
The total float represents the schedule flexibility and can also be evaluated by subtracting early dates from late dates of path completion.
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