This study analyzes the dynamic response of a floating crane with a cargo considering an elastic boom to evaluate(or for evaluation of) its flexibility effect on their dynamic response. Flexible multibody system dynamics is applied in order to establish a dynamic equation of motion of the multibody system, which consists of flexible and rigid bodies. In addition, a floating reference frame and nodal coordinates are used to model the boom as a flexible body. The study also simulates the coupled surge, pitch, and heave motions of the floating crane carrying the cargo with three degrees of freedom by numerically solving the equation. Finally, the simulation results of the elastic and rigid booms are comparatively analyzed and the effects of the flexible boom are discussed.