project management glossary

time and material contract (t&m)

 A contractual form in which the customer agrees to pay the contractor for all time and material used on the project, including a fee as a percentage of all project costs.

time and motion study

 A study of the various motions in a piece of discrete and repeatable work and the time involved in each element for purposes of reducing the overall time or improving the procedure.

time based network

 A linked bar chart, a bar chart that shows the logical and time relationships between activities.

time box

 The calendar limits within which an activity is required or expected to occur.

time compression

 The act of reducing the planned time for an activity, accomplished perhaps by adding unplanned staff or using overtime..

time delay claim

 A request for an extension to the contract dates.