The total time in which a job should be completed at standard performance, inclusive of allowances for fatigue, rest, personal needs, and contingencies, commonly referred to as Standard Time.
Available hours refer to the total number of hours that can be allocated to complete a job, task, or process within an accounting period, expressed in terms of machine hours, direct labor hours, or production hours.
Biennial events or occurrences are those that happen every two years, a frequency and timing different from bianual events which happen twice within a single year.
A slang term referring to a work situation where a deadline is near, and employees are working intensely, often with extended hours. This situation usually results from time estimates made by management rather than genuine emergencies.
A deadline is the due date or latest time for the completion of a negotiation, project, service, or product, often carrying significant consequences for non-compliance.
A direct hour is the time spent working directly on a product, service, or cost unit within an organization. It is measured in direct labor hours, machine hours, or standard hours.
A measurement of production in terms of the time taken for a machine operation to complete a given amount of production.
The time taken to produce a specified quantity of products, from the start of production to the end of production, encompassing all phases including setup, actual production, and any necessary adjustments.
Methods-Time Measurement (MTM) is a predetermined motion time system used for the analysis of work tasks to standardize the time needed to complete a task by determining the average production time interval.
A midnight deadline is a completion requirement that marks the end of a calendar day, often used in contexts such as personal tax return filings.
A detailed directive issued to the production department specifying the production tasks to be completed, including operations, quantities, timelines, and completion deadlines essential for streamlined manufacturing processes and efficient resource utilization.
A planning and control technique to minimize interruptions and/or delays in a process with interrelated functions. PERT is used to assist in reducing the time required for completion of a project.
Programme Evaluation and Review Technique (PERT) is a project management tool used to plan and coordinate complex tasks within a project. It helps in identifying the minimum time required to complete a project by analyzing the tasks involved and their sequences.
The term 'reschedule' refers to the rearrangement of an activity, meeting, or event to a different time or date than originally planned. This can be due to various unforeseen circumstances that make the original schedule impractical or impossible.
Scheduling is the process of planning and deciding the timetable of events, including when and where certain activities will take place. It is a crucial aspect of time management and resource allocation across various fields such as project management, operations, transportation, and personal planning.
Order of occurrence; process or fact of following in order. A preconceived arrangement or pattern guiding the execution of steps within a system, event, or process.
In standard costing, the standard direct labour cost is derived from the standard time allowed for the performance of an operation and the standard direct labor rate for the operators specified for that operation.
Time and billing software is a computer program that tracks hours spent by staff accountants and chargeable expenses for a given client.
A time card (or clock card) is a tool used to record the amount of time an employee spends at work or on a particular job. It typically logs the start and end times, providing a mechanism to calculate the total elapsed time.
Time management refers to the process of planning and controlling how much time to spend on specific activities to achieve maximum productivity, efficiency, and effectiveness.
Turnaround time refers to the period required to complete a task or fulfill an order once it has been initiated.
