- Industry: Government
- Number of terms: 5883
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A project management technique for determining how much time a project needs before it is completed. Each activity is assigned a best, worst, and most probable time estimate. These are used to determine the average completion time, which is used to figure the critical path and completion time for the project.
Industry:Business services
The management of a series of related projects designed to accomplish broad goals, to which the individual projects contribute, which are typically executed over an extended period of time (i.e., a biennium).
Industry:Business services
Standards, rules, or tests on which a judgment or decision can be based, or by which a product, service, result, or process can be evaluated.
Industry:Business services
Any schedule activity on a critical path in a project schedule. Most commonly determined by using the critical path method. Although some activities are "critical" in the dictionary sense, without being on the critical path, this meaning is seldom used in the project context.
Industry:Business services
A temporary endeavor undertaken to create a unique product, service, or result.
Industry:Business services
Generally, but not always, the sequence of schedule activities that determines the duration of the project. Generally, it is the longest path through the project. However, a critical path can end, for example, on a schedule milestone that is in the middle of the project schedule and that has a finish-no-later-than imposed date schedule constraint. See also critical path method.
Industry:Business services
The amount and distribution of money allocated to a project.
Industry:Business services
A schedule network analysis technique used to determine the amount of scheduling flexibility (the least amount of float) on various logical network paths in the project schedule network, and to determine the minimum total project duration. Early start and finish date are calculated by means of a forward pass using a specified start date. Late start and finish dates are calculated by means of a backward pass, starting from a specified completion date, which sometimes is the project early finish date determined during the forward pass calculation.
Industry:Business services
A calendar of working days or shifts that establishes those dates on which schedule activities are worked, and nonworking days that determine those dates on which schedule activities are idle. Typically defines holidays, weekends, and shift hours. See also resource calendar.
Industry:Business services
The person or organization that will use the project’s product or service or result. See also user.
Industry:Business services
