Gantt Chart

A A A

DEFINITION

A Gantt chart is a visual representation of a project schedule. A type of bar chart, a Gantt charts show the start and finish dates of the different required elements of a project. Henry Laurence Gantt, an American mechanical engineer, is recognized for developing the Gantt chart.

INVESTOPEDIA EXPLAINS

Gantt charts are useful in planning how long a project should take and helping to sequence the events by laying them out in the order in which the tasks need to be completed.


Typically, tasks are shown on the vertical axis, and the project time span is represented on the horizontal axis. Each task has a corresponding bar that shows the time span required for that task. The bar can be filled in to show the percentage of the task that has been completed. Gantt charts also indicate dependencies, those tasks that are dependent upon other tasks. Today there are many software applications available for creating Gantt charts, as well as functions in popular programs such a Microsoft Excel.




RELATED TERMS
  1. Project Management

    The planning and organization of an organization's resources in order to move ...
  2. Materials Requirement Planning ...

    One of the first software based integrated information systems designed to improve ...
  3. Manufacturing Resource Planning ...

    An integrated information system used by businesses. Manufacturing Resource ...
  4. Line Chart

    A style of chart that is created by connecting a series of data points together ...
  5. Just In Time - JIT

    An inventory strategy companies employ to increase efficiency and decrease waste ...
  6. Supply Chain Management - SCM

    Supply chain management is the streamlining of a business' supply-side activities ...
  7. Kagi Chart

    A type of chart developed by the Japanese in the 1870s that uses a series of ...
  8. Enterprise Resource Planning - ...

    A process by which a company (often a manufacturer) manages and integrates the ...
  9. Renko Chart

    A type of chart, developed by the Japanese, that is only concerned with price ...
  10. Kaizen

    A philosophy that sees improvement in productivity as a gradual and methodical ...
Related Articles
  1. Candlestick Charting: What Is It?
    Charts & Patterns

    Candlestick Charting: What Is It?

  2. Microsoft Excel Features For The Financially ...
    Professionals

    Microsoft Excel Features For The Financially ...

  3. Bet Smarter With The Monte Carlo Simulation
    Active Trading Fundamentals

    Bet Smarter With The Monte Carlo Simulation

  4. Momentum Indicates Stock Price Strength
    Trading Strategies

    Momentum Indicates Stock Price Strength

  5. Introduction To The Parabolic SAR
    Technical Indicators

    Introduction To The Parabolic SAR

  6. Heikin-Ashi: A Better Candlestick
    Charts & Patterns

    Heikin-Ashi: A Better Candlestick

  7. Top Student Loan Providers
    Credit & Loans

    Top Student Loan Providers

  8. Time To Consolidate Your Student Loans?
    Credit & Loans

    Time To Consolidate Your Student Loans?

  9. 5 Financial Lessons You Must Teach Your ...
    Personal Finance

    5 Financial Lessons You Must Teach Your ...

  10. How To Work In Financial Communications
    Professionals

    How To Work In Financial Communications

comments powered by Disqus
Hot Definitions
  1. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
  2. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
  3. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  4. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  5. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  6. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
Trading Center