Slack
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FTI must reevaluate the project management process the company currently uses. The company must consider several factors when planning and implementing projects to ensure success. Several factors include strategic planning, risk management and precise planning. One aspect of project management that FTI should not overlook, would be project planning. Every aspect of the planning of a project is vital to success. One area not to be overlooked would be free slack.
Free slack would be defined as “Free slack is defined as the difference between the early finish (EF) of an activity and the early start (ES) of the activity that follows it. Free slack can never be negative. Only activities that occur at the end of a chain of activities (usually where you have a merge activity) can have free slack. For example, if a single chain (path) of activities has 14 days slack, the last activity will have free slack, and the others will have none.”(Gray,Larson) According to Larry Cook it is of great importance to “Build some “slack”