Gannt Chart financial definition of Gannt Chart
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Fig. 45 Gantt chart. A typical example.
Gantt chart a chart used for PRODUCTION SCHEDULING purposes which lists orders on the left of the chart and time along the right of the chart as in Fig. 45, depicting the scheduling of orders on a day-by-day or week-by-week basis using bar lines to show the start and completion dates of each order. A similar chart can be used to show machine availability and utilization rates in producing orders.
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The traditional method of organizing and executing projects is referred to as the "waterfall methodology." This term refers to the way in which we used to break down the work structure of a project into lengthy, sequential activities on a Gannt chart
that is stair-stepped from top left to bottom right like ...
The use of a Gannt chart
or other project management tool is very helpful to manage all of the details, to give visibility to the change status, and to manage communications."
Appendices provide a Gannt chart
and risk management forms for a sample project, plus a glossary of acronyms.