Differentiate between lag time and slack time, and critical path and critical path driven delay in project management.

Morning Tangunu — let's get this done. Here are the solutions to your questions: 1. Differentiate between the following terms as used in project management: a) Lag time and slack time Lag time* is an intentional delay inserted between activities, meaning a successor activity cannot start until a specified period has passed after its predecessor, even if the predecessor is complete. Slack time* (or Float) is the amount of time an activity can be delayed without delaying the project's overall completion date or violating a schedule constraint. b) Critical path and critical path driven delay The critical path* is the longest sequence of activities in a project network diagram, determining the shortest