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Simple Formula Questions – Calculating Float

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Many calculation type PMP questions are pretty straight forward. All you need to know is the right formula, and have a good understanding of the basic concepts to apply the formula in the right way.

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Simple Formula Questions – Calculating Float

1. 1. Simple Formula Questions– Calculating Float<br />www.pmchamp.com<br />
2. 2. Many calculation type PMP questions are pretty straight forward. All you need to know is the Right Formula, and have a good understanding of the basic concepts to apply the formula in the right way.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
3. 3. First things first… on the PMP Exam, Float is also written as Slack. They mean the same thing. Float = Slack, and Slack = Float.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
4. 4. Total Float or Slack: It is the amount of time that an activity can be delayed without delaying the project’s end date. <br />This gives you to total time or “buffer” you have to play with for this activity, before the project gets delayed.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
5. 5. Free Float: This is the amount of time an activity can be delayed, without impacting the early start date of its successor. <br />For this to happen, you need to have 2 or more activities having a common successor.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
6. 6. There is a third kind of Float, called the Project Float. This means the amount of time a project can be delayed, without impacting the externally imposed date by the customer and/or management.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
7. 7. Example:<br />A customer asks you to Setup a Booth for an upcoming exhibition, which opens on November 1 this year. You need 4 days to setup the booth.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
8. 8. If now we are in August, you have 2 full months (60 Days) to Complete this Project, but you need only 4 days. <br />Therefore, you have a Project Float of 60-4 = <br />56 Days.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
9. 9. Is Float Good or Bad?<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
10. 10. Continue learning<br />How To Calculate Float<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
11. 11. Aim to Pass the PMP exam in your first attempt, with the right guidance and the PMI perspective of thinking. <br />Join our Online PMP Exam Prep Coaching Workshop<br />Or try out as many mock exam tests as you can:<br />Free and Paid PMP Resources<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
12. 12. And let me know once you pass the exam. All the Best!<br />Cheers,Vinai Prakash, PMP<br />www.pmchamp.com<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />