Lag

Lag
The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.
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Late Finish Date

Late Finish Date
In the critical path method, the latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, the project completion date, and any schedule constraints.
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Late Start Date

Late Start Date
In the critical path method, the latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, the project completion date, and any schedule constraints.
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Lead

Lead
The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.
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Lessons Learned

Lessons Learned
The knowledge gained during a project which shows how project events were addressed or should be addressed in the future for the purpose of improving future performance.
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Level of Effort

Level of Effort
An activity that does not produce definitive end products and is measured by the passage of time. The level of effort is one of three earned value management (EVM) types of activities used to measure work performance.
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Logical Relationship

Logical Relationship
A dependency between two activities or between an activity and a milestone.
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Milestone

Milestone
A significant point or event in a project, program, or portfolio.
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Most Likely Duration

Most Likely Duration
An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance.
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Opportunity

Opportunity
A risk that would have a positive effect on one or more project objectives.
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