Lead and lag are project management terms that describe the potential advance or delay of activities within a project schedule. Project managers use lead and lag time when creating project schedules to ensure that activities are completed efficiently and effectively.
Key Takeaways. Leads and lags refer to the timing of payments (delaying or advancing) on international business agreements to take advantage of a more favorable or anticipated exchange rate changes. Businesses can use currency forward contracts and points to adjust a future exchange rate up or down.
