What is the significance of float ?How can CPM play important role in scheduling?

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Significance of float on project management are:-

It ensures projects stay on track. 

Monitoring the total float of a project can help project managers determine whether a project is on track. It can also help them determine what tasks they can delay and how they can adjust their schedule to ensure they meet their project deadline.

It improves teamwork and collaboration. 

Understanding what the total float of a project is can provide teams with a clear schedule that makes it easy for them to collaborate. This can improve productivity and morale.

It makes it easier to prioritize tasks. 

Project managers can use float to outline each phase of a project and determine the order their team needs to complete tasks. This can help them delegate tasks more effectively and improve communication.

It can decrease stress.

 Calculating float time can decrease stress because it helps you identify how flexible you can be with the deadline for a specific task. This can assure you that as long as you complete the task within a certain timeframe, you can finish the rest of the project on time.


CPM play important role in scheduling by following ways:-

A CPM schedule is best for complex projects, where every stakeholder needs to be aware of the overall project priorities. Specifically, risk management, cash flows, and communication are the three biggest benefits.

Manage project risks.

A CPM schedule is a visual way to prioritize critical actives over other tasks. As the project progresses, the project manager and other stakeholders can proactively identify threats to on-time project completion. In this way, the CPM schedule can become a risk assessment tool, helping the entire project team foresee and mitigate project risks.

Maintain better cash flow management.

For big projects, lost time can mean lost money. A CPM schedule can keep all stakeholders on time and help the entire team avoid needless expenses.

Establish a common baseline.

A CPM schedule provides one single, easy-to-understand document the entire project team can reference. One of the biggest hurdles to scheduling projects is keeping everyone aware of the necessary activity deadlines, overall milestones, absolute latest possible finish times, and how to prioritize competing interests. A good CPM schedule can keep everyone aligned on the same priorities.

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