Glossary of Terms
This glossary contains definitions used by the Project Change Frame® and other methodologies supported by Lindsay McKenna Limited.
A number of definitions are taken from the Project Management Book of Knowledge (PMBOK®) from the Project Managment Institute. These are denoted by having (PMI) at the end of the definition..
- A modification of a logical relationship that directs a delay in the successor task. for example, in a FS relationship with a 10 day lag, the successor can start not start until 10 days after the completion of the predecessor. (PMI)
- Late Finish Date (LF)
- In the critical path method, the latest possible date that an activity may be completed without delaying a specified milestone (usually the project finish date). (PMI)
- Late Start Date (LS)
- In the critical path method, the latest possible date that an activity may begin without delaying a specified milestone (usually the project finish date). (PMI)
- A modification of a logical relationship which allows an acceleration of the successor task. (PMI)
- Lessons Learned
- The learning gained from the process of performing the project. Lessons learned may be identified at any point. Also considered a project record. (PMI)
- See Late Finish Date.
- See Late Start Date.
- Life Cycle Costing
- The concept of including acquisition, operating and disposal costs when evaluating various alternatives. Also known as the total cost of ownership. (PMI)
- Linear Responsibility Chart
- The same as an accountability matrix or responsibility assignment matrix. (PMI)
- Line Manager
- The manager of any group that actually makes a product or performs a service. (PMI)
- A Functional manager. (PMI)