## [[Risk Action Plan]] >[!question] [[Risk Description|Description]] > (Causes, Consequences, Implications) > >Total Float belongs to the project. Means that float can be consumed by the Owner without consequence. > >The Contracting Officer makes determination if Contractor is properly utilizing Float. > >Critical Path Activities with any float which may be delay are not entitled to time extension. This could lead to trade stacking and activity density causing increases in cost and time created by inefficient ability to plan the work. >[!question] Key Assumptions > >[!question] [[Current Controls]] >[!info] [[Sources of Information]] > ![[Section 01 32 16.20.1.01.A.1]] > ![[Ex C.ARTICLE 8.7 USE OF FLOAT]] >[!info] Attachments > >[!danger] Calculated Risk Factor >[[Semi-Quantitative Assessment]] >Consequence = >Likelihood = >(consequence + likelihood)-(consequence x likelihood) >[!success] [[Risk Mitigation Strategy]] >[!success] Possible Additional Actions > | Response | Effectiveness | Cost | | ---- | ---- | ---- | | ---- | ---- | ---- | | ---- | ---- | ---- | | ---- | ---- | ---- | >[!success] Comments & Recommendations > The difference between Total Float and Free Float should be understood by the Project Team. While Total Float is shared this does not mean that activities that are not along the Critical Path can be delayed by the other party. > >### Key Differences >1. **Scope of Impact:** >> - **Total Float:** Affects the entire project schedule and all dependent activities. >> - **Free Float:** Affects only the specific activity and its immediate successor. >2. **Calculation Basis:** >> - **Total Float:** Based on the difference between the earliest and latest start/finish dates of the activity. >> - **Free Float:** Based on the difference between the earliest finish of the activity and the earliest start of the next activity. >3. **Management Focus:** >> - **Total Float:** Used for overall project scheduling and critical path analysis. >> - **Free Float:** Useful for managing individual activities without impacting the subsequent activities. >[!example] Status > [[2024-06-12]] [[Princess Peach]] is to monitor the near critical float paths and notify the Owner if there is any float erosion resulting from the Owner's actions (ie. review times)