PassPM - Glossary of PM Terms

Target Completion Date: A date which contractors strive toward for completion of the activity.
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Target Date: Date imposed on an activity or project by the user. There are two types of target dates; target start dates, and target finish dates.
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Target Finish -- Activity: Target Finish is the user's imposed finish date for an activity. A Target Finish date is used if there are pre-defined commitment dates. Most PM software will not schedule a Late Finish date later than the Target Finish date. Your favorite PM software may alert you to negative float which occurs when a Late Finish date is later than a Target Finish date. This is caused by the duration of predecessors which makes it impossible to meet the Target Finish date. The negative float can be eliminated by reducing the duration of predecessors, increasing parallelism, or extending the Target Finish date.
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Target Finish -- Project: A user's Target Finish date can be imposed on a project as a whole. A Target Finish date is used if there is a pre-defined completion date. Most PM software will not schedule any Late Finish date later than the Target Finish date. See TARGET FINISH ACTIVITY on how to deal with negative float.
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Target Start -- Activity: Target Start is an imposed starting date on an activity. Most PM software will not schedule an Early Start date earlier than the Target Start date.
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Task: Also called an activity. Tasks take place over a period of time and generally consumes resources.
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Team: A team is made up of two or more people working interdependently toward a common goal and a shared reward.
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Team Building: The ability to gather the right people to join a project team and get them working together for the benefit of a project.
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Team Development: Developing skills, as a group and individually, that enhance project performance.
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Team Members: Individuals, reporting to the project manager, who are responsible for some aspect of the projects activities.
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Technical Assurance: The monitoring of the technical integrity of products.
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Technical Assurance Coordinator: A member of the project assurance team who is responsible for reporting the technical assurance aspects of a project.
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Technical Exception: Unplanned situations relating to an end product.
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Technical File: A file that holds all of the end products to be delivered at the end of a project.
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Technical Guide: A document that guides stage managers, team leaders and technical assurance coordinators on planning the production of products.
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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.
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Time Now: 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.
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Time Recording: The recording of effort done on each activity in order to update a project plan.
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Time Recording Software: Software packages that build a time sheet from project planning software files and feed actual effort back to the project plan.
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Time Sheet: A means of recording the actual effort expended against project and non-project activities.
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Time-Limited Resource Scheduling: The production of scheduled dates in which resource constraints may be relaxed in order to avoid any delay in project completion.
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Time-Scaled Logic Drawing: A drawing that allows you to display the logical connection between activities in the context of a time scale in which each horizontal position represents a point in time.
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Time-Scaled Network Diagram: Any project network diagram drawn so that the positioning of the activity represents schedule.
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To Complete Performance Index (TCPI): The projected performance which must be achieved on all remaining work in order to meet some financial goal set by management.
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Tolerability: An accepted level of risk in order to achieve certain benefits.
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Tolerance: The permitted cost and timescale limits set by the executive committee for the project or set by the project board.
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Top Down Cost Estimating: The total project cost subdivided for individual activities based on historical costs and other project variables.
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Total Allocated Budget (TAB): The sum of all budgets allocated to the contract. This value is the same as the Contract Budget Base (CBB) unless an Over Target Baseline (OTB) has been established.
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Total Float: The maximum number of work periods by which an activity can be delayed without delaying project completion or violating a target finish date.
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Total Quality Management (TQM): A strategic, integrated management systems for customer satisfaction that guides all employees in every aspect of their work.
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Tracking: Collecting actual time, cost and resource information and putting them back into the project plan.
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Transition Plan: Part of the program definition statement that describes how the transition from the current business operation to the new environment of the blueprint will be managed.
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Triple Constraint: Triple constraint is accomplishing performance specifications, time schedules and monetary budgets simultaneously.
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Turnaround Report: A report created especially for the various responsible managers to enter their progress status against a list of activities that are scheduled to be in progress during a particular time window.
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