What Is a Balanced Scorecard?
The balanced scorecard, abbreviated: BSC, is an English term for a balanced report sheet. It is primarily a concept for measuring and documenting the activities of a company with regard to the company's vision and …
PageWhat Is the Difference Between Effectivity and Efficiency?
A principle of business administration describes the difference between two elementary attributes that increase productivity. Decisions should be made in such a way that they are both effective and efficient. But what …
PageWhat Is the Buffer Between Two Activities?
In project management, there is the concept of buffer times. According to Wikipedia the buffer time or slack is a time margin for the execution of an activity, so-called time reserves. This latitude can be used by …
PageWhy Should Activities Be Linked With Each Other?
Two or more activities are set in one of four possible ways. You use this link to specify that both operations were planned in a particular sequence and are to be carried out in the same way. Further details can be …
PageWhat Is a Milestone?
A milestone is a special activity. Milestones are often used as intermediate goals. Since they have none duration, you can use any number of milestones in a project without extending the duration of the project.
PageWhat Is a Group or Phase?
A group is a logical summary of various activities and/or milestones. The size of a group or phase is not regulated. The project itself is also a group. A group often contains summaries and totals of transactions …
