LOAT stands for "Loss of Available Time," and it refers to a phenomenon where a project or task takes longer to complete than planned, resulting in a loss of time that could have been used for other activities. This can occur due to a variety of factors, such as unexpected obstacles, lack of resources, poor planning, or external events beyond one's control. LOAT is commonly used in project management and is often measured as the difference between the planned duration of a project or task and the actual time it takes to complete it. By identifying and addressing the causes of LOAT, project managers can improve their planning processes, optimize resource allocation, and reduce delays in completing their projects.
