Glossary - 'L'

• Lag Positive time added to a task to move it away from the project start date; lag is adding time between activities.
• Lead Negative time added to a task to bring it closer to the project start date; lead is 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. They are documented throughout the project, not just at the end of the project.
• Letter of intent Expresses the intent of the buyer to procure products or services from the seller. Not the equivalent to a contract.

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References:

• PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam by Rita Mulcahy.
  
• PMP Project Management Professional Study Guide, Second Edition by Joseph Phillips.
  
• PMP: Project Management Professional Study Guide, 3rd Edition by Kim Heldman.