This paper addresses two main problems with many heuristic task allocation approaches—solution trapping in local minima and static structure. The existing distributed task allocation algorithm known as performance impact (PI) is used as the vehicle for developing solutions to these problems as it has been shown to outperform the state-of-the-art consensus-based bundle algorithm for time-critical problems with tight deadlines, but is both static and suboptimal with a tendency toward trapping in local minima. This paper describes two additional modules that are easily integrated with PI. The first extends the algorithm to permit dynamic online rescheduling in real time, and the second boosts performance by introducing an additional soft-max action-selection procedure that increases the algorithm’s exploratory properties. This paper demonstrates the effectiveness of the dynamic rescheduling module and shows that the average time taken to perform tasks can be reduced by up to 9% when the soft-max module is used. In addition, the solution of some problems that baseline PI cannot handle is enabled by the second module. These developments represent a significant advance in the state of the art for multiagent, time-critical task assignment. Note to Practitioners —This work was motivated by the limitations of current agent-to-task allocation algorithms that do not use a central server for communication. In previously published work, the current state-of-the-art consensus-based bundle algorithm has demonstrated poor performance when applied to model task allocation problems with critical time limits, often failing to assign all of the tasks, especially when the deadlines are tight. The performance impact (PI) algorithm has a much better success rate with these model problems but would be flawed when applied to real missions because it has no mechanism for online replanning when new information becomes available. In addition, it is somewhat restricted in the way it searches for a problem solution, meaning that more efficient plans are often available but are not discovered. This paper tackles both of these shortcomings. The PI algorithm is extended to include a module that permits rescheduling when necessary, and a further module is introduced that widens the scope of the solution search. A third module that is able to offer robust plans, even for large-scaled missions involving many agents and tasks, has also been developed, although it is not discussed here. Implementation and testing of a version of PI that incorporates all three of these modules are the final goal of this research.