Project Management Glossary
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Late finish date: the latest possible time an activity can be completed without delaying the project finish date

Late start date: the latest possible time an activity may begin without delaying the project finish date

Learning curve theory: a theory that states that when many items are produced repetitively, the unit cost of those items normally decreases in a regular pattern as more units are produced

Legacy systems: older information systems that usually ran on an old mainframe computer

Legitimate power: getting people to do things based on a position of authority

Lessons learned: reflective statements written by project managers and their team members

Life cycle costing: considers the total cost of ownership, or development plus support costs, for a project.

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