L

lag

The scheduled time between project tasks , or the amount of time a project task is falling off the schedule.

Law of Diminishing Returns, The

A law of economics, sometimes called the Law of Variable Proportions, which grew from Thomas Malthus Essay on the Principle of Population, written in 1798. The law states that if one factor of production is increased while other factors remain constant, the overall returns will eventually decrease after a certain point.

lead

The negative time added to a task to bring it closer to the project start date. The lead is calculated by subtracting time between activities.

Lessons Learned

An ongoing documentation of things the project manager and project team have learned throughout the project. Lessons Learned are supplied to other project teams and project managers to apply to their ongoing projects. Lessons Learned are documented throughout the project, not just at the end of the project.

licensing, per connection

A license is required for each workstation-to-server connection. This scheme allows a maximum number of connections to a server.

licensing, per station

A license that covers the software application at the workstation where it is installed. Think of Microsoft Office installed on each workstation within an organization.

licensing, per station (server-based)

This licensing method allows an unlimited number of connections to a server covered by the licensing plan. Each additional server would require its own licensing to allow connections to that server.

licensing, per usage

This licensing plan allows a user to run an application for a preset number of days or a preset number of times, or charges the user a fee for each instance that the application is used.