Project management

Project management

Referring to the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project objectives.

Industry: Business services

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Project management

Positive float

Business services; Project management

Time available to complete non-critical activities or work items without affecting total project duration.

Actual start date (AS)

Business services; Project management

The point in time that work actually started on a schedule activity.

No excess time between activities. An activity with zero float is considered a critical activity. If the duration of any critical activity is increased (the activity slips), the project finish date ...

Tool

Business services; Project management

Something tangible, such as a template or software program, used in performing an activity to produce a product or result.

Monte carlo analysis

Business services; Project management

A technique that computes, or iterates, the project cost or project schedule many times using input values selected at random from probability distributions of possible costs or durations, to ...

Near-critical activity

Business services; Project management

A schedule activity that has low total float. The concept of near critical is equally applicable to a schedule activity or schedule network path. The limit below which total float is considered near ...

Network diagram

Business services; Project management

A schematic display of the sequential and logical relationships of the activities that comprise the project. One popular drawing convention is called precedence diagramming. A view of project data in ...