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What is safety time with regard to project scheduling? Is safety time necessary for projects? What...

What is safety time with regard to project scheduling? Is safety time necessary for projects? What types of safety times are most appropriate?
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Answer #1

Safety time is considered as the buffer in terms of quantity or time while.planning for a project effectively. If we consider that an organization requires a certain product and they need to order the same. Hence, the ideal situation here will be to order the product maintaining a stock that will suffice till the order or shipment is received by the organization and this is done so that there is no out of stock issues. I believe that safety stock or time is important for projects so that there is no stoppages in the work or project because that will affect the project to quite some extent and delay the process which is not at all required.

Dynamic safety time is the most appropriate according to me where the stock changes based on the demand and requirements of clients. Hence this will help the organization or project understand the actual trend and demand and based in that.

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