A lead time chart, which is also called a lead time histogram or a lead time distribution chart, is a graph that shows how long it takes to finish a task or project from beginning to end. It’s a useful tool for managing projects because it lets you keep track of how things are going and see where there might be problems or delays.
Most of the time, the lead time chart shows the distribution of lead times for a certain task or project. The x-axis shows how long it takes to finish the task, and the y-axis shows how often each lead time happens. The chart can be used to find the average or median lead time, as well as the range of lead times and any outliers.
With the help of a lead time chart, project managers can keep track of progress, spot patterns, and change the project plan as needed. For example, if the lead time chart shows that certain tasks always take longer than expected, the project manager may need to assign more resources or change the project schedule to make sure the project stays on track.
Lead time charts are often used in manufacturing and supply chain management to keep track of production and delivery times. They can also be used in a wide range of other industries and settings where project management is important.
Usage
It is used in project planning / schedule management
