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Project Management


Uncertainty

Uncertainty is the concept that all events, both positive and negative whose probabilities are neither 0% nor 100%. Uncertainty is a distinct characteristic of the project environment . (Wideman Comparative Glossary of Common Project Management Terms...

Tracing

Tracing  is the practice of relating resources, activities and cost objects using the drivers underlying their cost causal relationships. The purpose of tracing is to observe and understand how costs are arising in the normal course of business operations. (Synonymous...

Toyota Production System (TPS)

Toyota Production System (TPS) is the philosophy organizing manufacturing and logistics at Toyota, including the interaction with suppliers and customers. TPS is known more generically as Lean manufacturing. It was largely created by three men: the founder of Toyota,...

Total Float – TF

Total Float (TF) is the maximum number of work periods by which an activity can be delayed without delaying project completion or violating a target finish date .(Wideman Comparative Glossary of Common Project Management Terms v2.1) Other Definitions Total Float...