Guide to Understanding and Answering Questions on Lead Time in Agile Project Management
Lead Time is a very important concept in Agile Project Management, especially when you are trying to assess the efficiency of your project. It refers to the amount of time that elapses from the moment a process starts until it is completed.
Why it is important:
Lead Time provides crucial information about the efficiency of your workflow and allows you to identify any bottlenecks. By reducing Lead Time, you can improve the efficiency of your project and ensure that you deliver value to your customers as quickly as possible.
How it works:
Lead Time is calculated by subtracting the time when work began on an item from the time when the item was completed. It includes both the time taken to actively work on an item and the time it spends waiting.
Answering Questions on Lead Time in Exams:
When answering questions on Lead Time in exams, remember to:
- Understand the difference between Lead Time and Cycle Time.
- Know how to calculate Lead Time.
- Understand the implications of high or low Lead Time.
- Identify ways to reduce Lead Time.
Exam Tips:Always revisit your project management terminologies before an exam. Highlight how lead time impacts the overall efficiency of a project when answering questions. Also, refer to practical examples to get your point across more effectively. Questions on lead time often involve computation so your mathematical accuracy is important.