The notion of term , which comes from the Latin word placĭtum , refers to the period stipulated for something . It is a time that is planned or established for a certain purpose .
For example: “The government estimates that the works will be completed in a period of about six months,” “I have until next Friday to pay the loan installment,” “The owner of the company made me a proposal for me to analyze.” and he told me that I don't have a deadline to respond."
Suppose a family hires an architect to build a home . The professional, when analyzing the project, commits to completing the work within a period of one year . This means that, according to plans, the family group should have the house completed in twelve months.
Take the case of paying for cable television service . A certain company establishes among its conditions that clients must pay their invoices in the first ten days of each month. In this way, subscribers are obliged to disburse the corresponding money within that period or, otherwise, they are in default with the company and have to pay a surcharge.
In the field of professional sports , it is common for the entities that organize competitions to establish deadlines for the completion of certain actions. A soccer league, to mention one case, can decree that the deadline for hiring players ends on March 15.
On the other hand, a fixed-term deposit , colloquially known as a fixed term , is one that does not allow funds to be withdrawn until a certain date. It is an investment since banking entities pay interest for the immobilization of these resources.
The concept of lead time is used in an indispensable way in industries, where products and services are created through a complex multidisciplinary process, carried out by many people, and generally must be completed before a previously established date (the date delivery ). Precisely, this period is the period of time that elapses from when a team receives or accepts a project until it sends the result to its superiors.
Regardless of the field we are in, meeting a project delivery deadline is not always easy. If we talk about an industry based on creativity , where art and innovation come into play, being on time with the realization of a product is not always possible because developers depend on inspiration, the holy grail of artists. In a company that prioritizes quality over business, this deadline can be extended so that workers achieve their objectives and are not forced to present a version of their idea that is inferior to the one they conceived in their minds; However, in most cases the dates outweigh the finish.
To face the obstacles inherent to the deadline, such as lack of inspiration, experience, the years dedicated to the same profession, can be essential, since the brain acquires a series of tools and resources that it can use in moments more difficult to resolve a situation that years ago would have seemed impossible. Music composers, for example, don't always write when they have ideas; If they are hired by a record label to complete the creation of an album before a certain date, they must fulfill their obligation no matter what. The same thing happens with video game developers, filmmakers and writers.