Definition:
The latest time an activity can be completed without delaying the project’s overall schedule.
Key Components:
- Critical Path Impact: Tasks with no float must finish on time.
- Schedule Buffer Usage: Non-critical tasks may have slack.
- Resource Coordination: Ensures completion aligns with dependent activities.
Use Cases/Industries:
- Construction: Ensuring final inspections finish before building occupancy deadlines.
- Energy Sector: Completing power grid synchronization just before operations begin.
- Manufacturing: Wrapping up product assembly before the shipping cutoff date.
Advantages:
- Helps maintain schedule adherence.
- Allows controlled flexibility in resource management.
- Ensures dependencies remain on track.
Challenges:
- If tasks are delayed past their LF, the entire project may be impacted.
- Requires precise tracking to prevent last-minute overruns.
Related Terms:
Float, Schedule Variance, Earned Schedule
Example:
A concrete curing process must finish by June 15 (LF date) to ensure subsequent steelwork starts on time without impacting the critical path.
Visited 1 times, 1 visit(s) today
Synonyms:
Latest Allowable Finish, Deadline Task Completion, Maximum Task Duration
