There are currently 22 terms in this directory beginning with the letter F.
A schedule compression technique or duration compression technique in which the duration of a critical path is shortened by performing sections of some critical path activities concurrently instead of consecutively.
An evaluation of how likely a project is to be completed effectively or how practical it is
In a finish-to-finish relationship a successor activity cannot finish until a predecessor activity has finished.
In a finish-to-start relationship a successor activity cannot start until a predecessor activity has finished.
A fishbone diagram is used in project management to identify and categorize the possible causes of an effect. (See also Ishikawa diagram)
Fixed formula method
The fixed formula method calculates earned value in a given period of time by splitting a work package budget between the start and completion milestones of a work package. A known proportion of value is earned upon beginning the work package, and the rest is earned upon completing the work package.
Fixed price contract (FPC)
A fixed price contract pays an agreed-upon fee and does not incorporate other variables, such as time and cost.
An improvement strategy based on the theory of constraints. Attention is focused on addressing one limiting factor — called a constraint — at a time in order to optimize a system. Each constraint is improved until it no longer limits the system’s performance.
Fordism, named for Henry Ford, is a manufacturing system in which mass-produced goods are priced affordably enough that those producing them may reasonably buy them with their own wages.
The step at which authorized stakeholders sign off on a product, indicating that it meets their expectations.
A technique used to calculate early start and finish dates by working forwards from a point in a project schedule model.
The amount of time by which an activity can be postponed without affecting the early start dates of a successor activity.
The individual in charge of all activities carried out by a particular functional department within an organization.
An organization which organizes and manages staff members in groups based on specialty areas.
The working characteristics of a product. These are based on how end users will use the product.