What’s “time to completion”?

Time to Completion (TTC) is a process used in project management to determine the time required to complete a task. It can also be used in production and administrative tasks to increase efficiency and meet deadlines. Effective time management is key to success. Time to Completion (TTC) is a process that allows you to identify […]

What’s a completion test?

A completion test evaluates if a project has met its objectives and criteria for success. It assesses design specifications, performance, and cash flow to determine if the project should continue or be abandoned. A completion test is a type of evaluation process that seeks to determine if a given project is truly a success. This […]

What’s a completion bonus?

Completion bonds ensure projects are completed even if the owner runs out of funds. They are common in mortgages for large construction projects and in the production of major motion pictures, protecting both the mortgagor and mortgagee from financial reversals. The completion bond prevents investors from losing funds and protects project initiators from unforeseen circumstances. […]

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