Industrial Engineering and Production Management
Slack represents the difference between the

Latest allowable time and the earliest expected time
Latest allowable time and the normal expected time
Proposed allowable time and the earliest expected time
Normal allowable time and the latest expected time

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Industrial Engineering and Production Management
The essential condition for the decompression of an activity is that

The project time should change due to decompression
After decompression the time of an activity invariably exceeds its normal time
An activity could be decompressed to the maximum extent of its normal time
An activity could be decompressed to the maximum extent of its normal time

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