Definitions "T" Flashcards
Task List
A list of the major steps required from the projects origin to its conclusion. A task list is created after the technology has been selected and before the project manager creates the implementation plan. The task list is based on the work packages within the work breakdown structure.
Team Leaders
Each sub team has a team leader who reports directly to the project manager and oversees the activities of the team members on the sub-team.
Terms of Reference (TOR)
Provides the terms of how the project, team, or organization will operate and sets the framework and boundaries for the project. Terms of reference can be used for project teams, vendors, and organizations.
Testers/Quality Assurance (QA)
Software development role that applies performance and security test to the software solution to confirm that the software is of quality, meets expectation, and is secure before the software may move forward to operational transfer to production.
Three-Point Estimating
An estimating approach that uses worst-case, most likely, and optimistic approaches to create and average cost or time duration for a project component.
Tiered Structure
A structure in which the deliverables are released over multiple dates, allowing the IT project manager to agree to meet new requirements for the project scope.
Time and Material (T&M) Billing Method
Most technology integrators like to bill time and materials because there may be some additional problem discovered in the midst of the project that can result in the vendor working extra hours to solve it. T&M contracts should have a not-to-exceed (NTE) clause to contain costs.
Time-Tracking Tools
Software and hardware solutions that track task completion time. Can be used for billing, payroll, and performance analysis.
To-Complete Performance Index (TCPI)
A formula used to forces the likelihood of a project to achieve its goals based on what’s happening in the project right now. There are two different formulas for the TCPI, depending on what the project manager wants to accomplish. To see fi the project can meet the budget at completion, use this formula:
TCPI = (BAC - EV) / (BAC - AC)
To see if the project can meet the newly created estimate at completion, use this version of the formula:
TCPI = (BAC - EV) / (EAC - AC)
Top-Down Estimating
A technique that bases the current projects estimate on the total cost of a similar project. A percentage of the similar projects total cost may be added to or subtracted from the total, depending on the size of the current project.
Total Budgeted Costs
The amount of dollars budgeted for the project prior to the start of the project implementation phase. This is the same as budget at completion (BAC)
Total Quality Management (TQM)
A process that has all employees within an organization working to fulfill their customers needs while also working to increase productivity.
Total Slack
The total time an activity can be delayed without delaying project completion.
Trade Secrets
An organizations private information that is related to a product the organization owns, such as the creation process, a recipe, or underlying code in a software solution.
Transference
A response to risks in which the responsibility and ownership of the risk is transferred to another party.