Project Management Glossary
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Tangible costs or benefits: costs or benefits that can be easily measured in dollars

Team development: building individual and group skills to enhance project performance

Termination clause: a contract clause that allows the buyer or supplier to end the contract

Theory of constraints (TOC): a management philosophy that states that any complex system at any point in time often has only one aspect or constraint that is limiting its ability to achieve more of its goal

Time and material contracts: a hybrid of both fixed price and cost reimbursable contracts

Top 10 Risk Item Tracking: a qualitative risk analysis tool for identifying risks and maintaining an awareness of risks through out the life of a project

Top-down approach: creating a WBS by starting with the largest items of the project and breaking them into their sub ordinate items

Total slack: the amount of time an activity may be delayed from its early start without delaying the planned project finish date; also called total float

Tracking Gantt chart: a Gantt chart that compares planned and actual project schedule information

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