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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Time Reserve
What is Time Reserve  

What is Time Reserve



 
 

Time Reserve is a scheduled time period that protects a task from delays, breaks or other factors that may extend the task’s duration. It creates schedule buffers that prevent undesired variations and help reach task completion by the target date.

Using time reserves is great in ensuring accuracy and safety of task scheduling because a reserve pool of time helps avoid time variations and predict undesired issues. For example, Reserve Analysis uses time reserves as the major tool in estimating task duration. This method determines an amount of time that is necessary to offset undesired issues (e.g. lack of funds, technical failure) which may affect task completion date.

Time reserves are like "buffers" that protect from time-related issues. Buffers are added to task schedules to avoid performance gaps and hence ensure task success. They help analyze current progress of tasks and understand what corrective actions need to be taken to settle issues. In this context, time reserves in Reserve Analysis are close to project buffers in CCPM (Critical Chain Project Methodology).

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