Construction Planning and Management
Free float for any activity is defined as the difference between

its latest start time and earliest start time
its latest finish time and earliest start time for its successor activity
its earliest finish time and latest start time for its successor activity
its earliest finish time and earliest start time for its successor activity

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Construction Planning and Management
Free float is mainly used to

Identify the activities, which can be delayed without affecting the total float of succeeding activity
Identify the activities which can be delayed without affecting the total float of either the preceding or succeeding activities
Establish priorities
Identify the activities which can be delayed without affecting the total float of preceding activity

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