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Glossary & Dictionary

Project Management  Dictionary

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Keyword  
Early Finish
The Early Finish date is defined as the earliest calculated date on which an activity can end. It is based on the activity's Early Start which depends on the finish of predecessor activities and the activity's duration. (See EARLY START) Most PM software calculates early dates with a forward pass from the beginning of the project to the end. This is done by selecting ANALYZE & PROCESS REPORTS from the Report pull-down menu.
Early Start
The earliest time a task can begin. The time at which all the tasks' predecessors have been completed and its resources are planned to be available.
Early Start
The Early Start date is defined as the earliest calculated date on which an activity can begin. It is dependent on when all predecessor activities finish. Most PM software calculates early dates with a forward pass from the beginning of the project to the end.
Effort
The amount of human resource time required to perform an activity. Measured in terms of person hours, person days, etc.
Elapsed Time
Elapsed time is the total number of calendar days (excluding non-work days such as weekends or holidays) that is needed to complete an activity. It gives a "real world view" of how long an activity is scheduled to take for completion.
Estimate
An assessment of the required duration, effort and/or cost to complete a task or project. Since estimates are not actuals, they should always be expressed with some indication of the degree of accuracy.
Estimate to Completion
The expected effort, cost and/or duration to complete a project or any part of a project. It may be made at any point in the project's life.
Executing
The process of coordinating the people and other resources in the performance of the project or the actual performance of the project.
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