Latest Finish Time Notes: Definitions & Explanations PDF | Download eBooks
Study Latest Finish Time lecture notes PDF with project management definitions and explanation to study What is Latest Finish Time?. Study latest finish time explanation with project management terms to review project management course for online MBA programs.
Latest Finish Time Definitions:
Latest finish time (LF) is the latest time by which a particular activity must be completed in order for the entire project to be finished by its required completion time.
Successful Project Management by Jack Gido and James P. Clements
Latest time when an activity can finish is called latest finish time.
Project Management: A Systems Approach to Planning, Scheduling, and Controlling by Harold Kerzner?
Latest Finish Time Notes:
A project must be divided into the tasks and activities in order to assign and perform the tasks on time. After this division or breakdown, the sequence of the activities is established. Sequence alone is not suffiecient to know the timley completion of the project. In order to understand this, activity durations are extimated. One concept in the network diagram is to calculate the latest finish time of an activity. Latest finish time, as the name indicates, shows the latest time on which an activity must be finished in order to complete the project on time. For calculating latest finish time, the required completion time of the project and the succeeding activities' duration estimates are considered. Latest finish time of an activity should be the same or earlier than the earliest of the latest start times of all the activities that directly succeed the said activity.
Keep Learning with Project Management Notes
What is Avoiding or Withdrawing?
A project team consists of people belonging to different backgrounds, posses different set of skills and expertise and can also ...
What is Collaborating or Confrontin and Problem Solving?
Every member of the project team has a different mind set. This mind set can be a result of differing ...
What is Milestone List?
Milestones are basically specific points in a project which are to be achieved to successfully complete a project. Milestone is ...
What is Predecessor Event?
Generally, a predecessor event refers to an event that immediately precedes the next event without any intervention. A predecessor event ...
What is Stakeholder Mapping and Representation?
Key project stakeholders must be identified by the project team. For this identification, data regarding them is needed. After data ...
What is Parametric Estimating?
It is important to estimate the costs and activity durations after the project is decomposed into tasks and activities. These ...
