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Transfer
Responding to risk by moving the financial or resource effects of a risk to a third party (e.g., contractor or insurance).
Trend
A variable’s tendency over time to increase, decrease or remain unchanged.
Team
A group of people who have a common goal and who help each other to achieve that goal.
Task
Also known as activity. Task or tasks that contribute to completion of deliverables.
Time value of money (TVM) principle
A principle which states that a dollar in hand is worth more than a dollar to be received in the future because […]
Total quality management (TQM)
A formal quality process that includes an intense focus on the customer, involvement of all stakeholders, and quantitative methods for continual improvement.
The five whys
A technique used in discovering the root cause (or causes) of a problem by repeatedly asking the question “why?” The technique also […]
Transmission control protocol/internet protocol (TCP/IP)
A suite of communications protocols used to connect hosts on the Internet.
Tactical plan
A detailed set of steps needed to accomplish a goal in the strategic plan.
Trial balance
Total of all debits and credits. If debits do not equal credits, an error has occurred (e.g., mistake in entry, omission, double […]