Dictionary of Accounting Terms: slack
slack
in Program Evaluation And Review Technique (PERT), free time in a network. The slack for an event is the difference between the latest time (LT) and the earliest time (ET). It is the length of time an activity can be delayed without interfering with the project completion.
Dictionary of Business Terms: slack
slack
Business: dull or inactive business period, slack season.
Manufacturing: time in which a minor operation can be completed in advance of the next major operation that depends on it.
