GLOSSARY TERMS

T - Z

 

-T-

Tactical Planning: Planning concerned with the effective deployment of an organization’s resources in order to accomplish the objectives laid out in the strategic business plan. The planning horizon is typically one to three years.

Task: See activity.

Team Development: Developing individual and group skills to enhance project performance.

Team Members: See project team members.

Template: A standardized piece of a system, developed to address redundant requirements. The piece is developed once, saved in a library, and used repeatedly within the system.

Time-Scaled CPM: A plotted or drawn representation of a CPM network where the length of the activities indicates the duration of the activity as drawn to a calendar scale.

Time-Scaled Network Diagram: Any project network diagram drawn in such a way that the positioning and length of the activity represents its duration. Essentially, it is a bar chart that includes network logic.

To Complete Performance Index (TCPI): The relative percentage efficiency at which all future efforts must be performed in order to complete at the projected estimate at completion (EAC).

Total Contract Baseline: The negotiated contract cost.

Total Float (TF): See float.

Total Quality Management (TQM): A common approach to implementing a quality improvement program within an organization.

 

 

-U-

Unit Cost: Total costs for one unit of production (i.e., one part, one end item, etc.)

Update: To revise project activity data to reflect the most current information on the project.

 

 

-V-

Variance: The difference by which cost and schedule vary from plan. Negative variances are unfavorable indicators (i.e. behind schedule or over cost) while positive variances are favorable indicators (i.e. ahead of schedule or under cost). See also specific items such as Cost Variance, Schedule Variance, etc.

Variance Analysis: Evaluation of variances and narrative description of the causes of the difference between BCWP and BCWS or ACWP, and between BAC and EAC in terms of Cost and Schedule at levels where the work is performed, or at various Functional Organization, WBS, or reporting summary levels, as required. Includes determination of the nature, scope, and potential impact of the problem, assignment of responsibility for corrective action, and the monitoring of results of the corrective action.

Variance Analysis Report (VAR): A report from Control Accounts or summary WBS levels that exceed the variance thresholds. The report/notice is completed by the responsible individual who must: 1)explain the cause of the problem, 2) determine the impact on the immediate task and on the total program, and 3) describe any corrective actions to be taken.

Variance Threshold: Internal and external tolerances established by management direction or through negotiations with the customer. Variance conditions outside the threshold values must be addressed formally. See Variance Analysis Report.

Vendor: A supplier from whom the organization procures “off-the-shelf” items or items made to a drawing/specification/formula not requiring design/manufacturing engineering by the supplier.

 

 

-W-

Work Breakdown Structure (WBS): A deliverable-oriented grouping of project elements which organizes and defines the total scope of the project.. Each descending level represents an increasingly detailed definition of a project component. Project components may be products or services.

Work Day: A unit expressing duration. Only those days when work is performed are counted. Holidays, weekends, and vacation days may or may not count.

WBS Dictionary: The Dictionary will describe the technical and cost content of every WBS element. It will describe what the element is and efforts associated with the WBS element (such as design, development, and manufacturing). For the WBS elements specified elsewhere for cost reporting, The WBS Dictionary definitions will also include the exact narrative of the directly associated work statement paragraphs, or a reference to The SOW paragraph or other document describing the work.

Work: Any and all obligations, duties, responsibilities, labor, materials, equipment, temporary facilities and incidentals, and the furnishing thereof necessary to complete the contract deliverable which are assigned to, or undertaken by the contractor, pursuant to the contract documents. Also, the entire completed contract deliverable or the various separately identifiable parts thereof required to be furnished under the contract documents. Work is the result of performing services, furnishing labor, and furnishing and incorporating materials and equipment into the contract deliverable, all as required by the contract documents.

Work-in-Progress: Product in various stages of completion throughout the factory, including raw material that has been released for initial processing and completely processes material awaiting final inspection and acceptance as finished product or shipment of a customer. Many accounting systems also include semi-finished stock and components in this category.

Work Package (WP): A deliverable at the lowest level of the work breakdown structure. A work package may be divided into activities.

Work Package Budgets: Resources that are assigned formally by the contractor to accomplish a work package, expressed in dollars, hours, standards, or other definitive units.

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