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Wideman Comparative Wideman Comparative Glossary of Common Project Management Terms v5.5 is copyright © R. Max Wideman, 2000-2017.

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Last updated 12-22-17

Master Glossary
Threshold   - to -   Time-Limited Scheduling
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Term
Definition     Editor's Choice
Cat Source
Threshold
Monetary, time, or resource values used as parameters, that if breached will cause some type of management action to occur. [D04664]

N

 QWF
Throughput
The value of the products and/or services delivered to customers minus the direct and associated indirect costs, i.e. overheads, of goods and services sold and/or paid out to vendors. [D05846]

N

 088
Tied Activities
Activities that have to be performed sequentially or within a predetermined time of each other. [D04548]

N

 APM
BS
Tied Activity
An activity that must start within a specified time or immediately after its predecessor's completion. [D02032]

N

 PMK87
Tiger Team
A team established to focus on visibility, status, evaluation, and recommendations by experts relative to an area of concern. [D04283]

J

 CSM
Time
The measure of duration. [D02034]

N

 FWH
See also Time Management. [D02033]

JN

  
Time Analysis
The process of calculating the early and late dates for each activity on a project, based on the duration of the activities and the logical relations between them. [D02035]

N

 WST
Time and Material Contract ("T&M")
A contractual form in which the customer agrees to pay the contractor for all time and material used on the project, including a fee as a percentage of all project costs. [D02036]

JN
CH

 SPM p304-9
Time and Motion Study
A study of the various motions in a piece of discrete and repeatable work and the time involved in each element for purposes of reducing the overall time or improving the procedure. [D03356]

N
HM

 RMW
Time Based Network
A linked bar chart, a bar chart that shows the logical and time relationships between activities. [D04549]

N

 APM
BS
Time Box
The calendar limits within which an activity is required or expected to occur. [D03348]

N

 RMW
Time Compression
The act of reducing the planned time for an activity, accomplished perhaps by adding unplanned staff or using overtime.. [D02037]

N

 SPM p304-9
Time Delay Claim
A request for an extension to the contract dates. [D02038]

JN
CH

 PMK87
Time Estimate Unit
See Calendar Unit. [D02039]

N

  
Time Extension
An increase in the time allowed for completion of the project, usually through the issuance of a Change Order. [D05134]

JN

 PDG
Time is of the Essence
A legal term signifying that time is critical and implying that the project or contract must be completed by the date specified and further, failure to do so constitutes breach of contract. [D05847]

GJN
CHM

 RMW
Time Lapse Factor
The typical and necessary delay between the time that a piece of work or activity is released and its actual commencement as a result of preparation and mobilization of resources. [D03349]

JN

 RMW
Time Limited Resource Scheduling
See Resource Smoothing [D03962]

GJN

  
Time Limited Scheduling
Scheduling of activities, so that the specified project duration, or any imposed dates are not exceeded. See also Resource Smoothing.
Editor's Note: This may cause the envisaged resource levels to be exceeded. [D04550]

GJN

 APM
BS
Time Limits
The calendar dates and times within which an activity is expected to be performed. [D03352]

JN

 RMW
Time Line
A Schedule line showing key dates and planned events. [D03702]

GJN

 DSMC
Time Management
The function required to maintain appropriate allocation of time to the overall conduct of the project through the successive phases of the project's life span. [D02040]

JN

 FWH
The function required to maintain appropriate allocation of time to the overall conduct of the project through the successive stages of its natural life-cycle, (i.e., concept, development, execution, and termination) by means of the processes of time planning, time estimating, time scheduling, and schedule control. [D02041]

JN

 PMK87
Time Management Plan
See Schedule Management Plan. [D05744]

FGJN
CHMT

  
Time Management Techniques
The various techniques for managing the time taken up by project activities, such as planning, scheduling, trending, etc. [D03358]

N

 RMW
Time Now
The current calendar date (or time) from which a network analysis, report, or update is being made. [D03731]

N
CHMT

 PPS&C p341
The time at which all remaining work starts. Sometimes referred to as the status date because all progress information entered for a project should be correct as of this date. No work will be scheduled by the time analysis or resource scheduling programs prior to this date. [D02042]

N

 WST
Specified date from which the forward analysis is deemed to commence. [D04552]

N

 APM
BS
Time Now Date
See Time Now, Progress Date and Data Date. [D03964]

JN
CHMT

  
Time Now Line
The line indicated on a bar chart or network which indicates the reporting date being considered. [D02044]

N

 CPMUSC p176-8
See also Status Line and Time Now. [D02043]

N
CHMT

  
Time Oriented
Projects in which time is management's essential criterion, such as meeting the opening day of an exhibition. [D03359]

N

 RMW
Time Phased Budget
The sum of budgets time phased in accordance with the baseline schedule. When summed at selected higher level elements of the Work Breakdown Structure, this should include both direct and indirect budgets. [D05745]

N

 069
Time Phasing
The strategic pacing of the project and the overlapping between different activities or blocks of activities. For example, with the decision on whether or not to use Rapid Application Development Prototyping, Concurrent Engineering, Simultaneous Design, Fast Track, Phased Hand-over, etc. The phasing and overlapping of activities is also an important aspect of the project management team's skills. Properly done, it can have a major impact on the performance of the project. [D03771]

N

 CRMP
Time Recording
The recording of effort done on each activity in order to update a project plan. [D02046]

N

 WST
Time Recording Software
Software packages that build a time sheet from project planning software files and feed actual effort back to the project plan. [D02047]

N

 WST
Time Remaining
Time between a status date and a contract milestone date. [D04284]

N

 CSM
Time Scaled Schedule Network Diagram
A network diagram drawn to a time scale, i.e. a bar chart displaying schedule network logic. [D05746]

JN
C

 RMW
Time Schedules
Schedules depicting project timing, e.g. bar charts, as distinct from schedules that list materials or parts. [D03360]

N

 RMW
Time Scheduling
The ordering of the processes required to ensure timely completion of the project. Scheduling consists of activity definition, activity sequencing, activity duration estimating, schedule development, and schedule control. [D03772]

N

 CRMP
Time Sheet
A record of the time spent by an individual or group on a project activity. [D02048]

JN
CHMT

 RMW
A means for recording the actual effort expended against project and non-project activities. [D03963]

N

 PNG
Time Standard
The time allowed for the completion of a task. [D03732]

N

 PPS&C p341
Time to Complete
Time required from a status date to meet a contract milestone. [D04285]

JN
CHMT

 CSM
Time Value of Money
A concept that acknowledges that money changes value over a period of time; that a sum of money today is worth more than the same sum of money at a future date, because of the fact that the money received now can be invested to earn interest. [D03357]

N

 PMDT
Timebox
A fixed amount of time in which to get work done, i.e. "boxed" in by an end-date. [D06542]

N

 TM
Time-Limited Resource Scheduling
The assigning of resources to projects while maintaining a specific project end date. Time-limited scheduling allows one to see where available resources fall short of the requirements needed to complete a project on time. [D03350]

N

 PMDT
The production of scheduled dates in which resource constraints may be relaxed in order to avoid any delay in project completion. [D02049]

N

 WST
APM
Time-Limited Scheduling
The scheduling of activities so that predetermined resource availability pools are not exceeded unless the further delay will cause the project finish to be delayed. Activities can be delayed only until their late start date. However, activities will begin when the late start date is reached, even if resource limits are exceeded. Networks with negative total float time should not be processed by time-limited scheduling. [D02050]

N

 PMK87
Definitions for page T03: 50

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