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• Early Start and Early Finish times are the earliest times that that the
activity can start and be finished.
• Late Start and Late Finish times are the latest times the activities can
start and finish without delaying the project.
• Slack Time is the time that an activity can be delayed without delaying
the entire project. It is the difference between the Late Start and Early
Start times of an activity.
• Early Start schedule is one that list all of the activities by their Early
start times.
• Late Start schedule is one that lists all activities by their late start
times. This schedule may create savings by postponing purchases of
material and other costs associated with the project.