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Projects & Profits Magazine:
Managing Activity Float Time in Projects
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As the number of activities in a project increases, scheduling is done through network-based techniques. It involves arranging all the activities in the form of a network and identifying the critical path. Project resources are then allocated to each project activity assuring the optimum utilization of available resources. Effective management of floats (time for non-critical activities) will help project managers keep time overrun of projects under their control.

 
 
 

When the number of activities involved in a project increases, scheduling of activities can be better done by using network-based scheduling techniques. Arranging the project activities in the form of a network and identifying the critical path is the first step in scheduling of activities. After identification of the critical path, the next step is the allocation of resources among all the project activities. As resources are always scarce, optimum utilization of the available resources (in terms of employees and material) among the project activities is one of the prime tasks of the project manager. While allocating the available resources among the project activities, it shall be ensured that the first priority is given to the activities that lie on the critical path so that the project duration is contained within the planned duration. When the available resources are first assigned to the critical activities, in the event of resource constraints, the non-critical activities may not get their quota of resources. When the non-critical activities are assigned with lesser resources than that is required to complete these activities within the minimum planned completion period, these activities will consume more time than planned. As most of the non-critical activities can be allowed to stretch beyond their minimum completion time without increasing the project completion time as a whole (which is the project duration along the critical path), these activities can be delayed a little without doing any harm to the project completion time, at the same time, permitting leveling of available resources among the project activities. Management of the free time available in non-critical activities plays an important role in making optimum utilization of resources.

 
 
 

Projects and Profits Magazine, Project Resources, Network-based Scheduling Techniques, Management Decisions, Time Management, Traditional Assets, Time Resource Allocation, Project Organization, Project Implementation, Non-Critical Activities, Core Business Process.