Business & IT Glossary

A compa-ratio (comparative ratio) is a metric that compares an employee's actual salary to the midpoint of their pay range, expressed as a percentage.

A Gantt chart is a horizontal bar chart that visualizes a project schedule, showing tasks, durations, dependencies, and milestones across a timeline.

A project charter is a formal document that authorizes a project, defines its objectives and scope, and gives the project manager authority to use resources.

A risk assessment is a systematic process of identifying, analyzing, and evaluating potential risks that could negatively impact an organization or project.

A statement of work (SOW) defines the specific tasks, deliverables, timelines, and terms for a project or service engagement between two parties.

Total cost of ownership (TCO) is a financial estimate of the complete cost of acquiring, operating, and maintaining an asset over its lifecycle.