COSC 475 Test 1 vocab Exam 2025
Questions and Answers 100% Pass
Activity - ✔✔A task or process to be accomplished in a set period of time as part of
working toward a larger project goal. An Activity can be assigned to a resource(s) and
have an associated cost. Activities are ordered with logic links.
Actual Cost - ✔✔The real amount paid or incurred for labor or materials
Activity Relationship - ✔✔An ordered link between 2 activities representing the order
of execution.The 4 relationship types are:FS - Finish to StartSS - Start to StartFF - Finish
to FinishSF - Start to Finish
Approved Change Requests - ✔✔Documents of approved changes made to the project
contract as a whole (cost, schedule, plan). These are first reviewed by all stakeholders
before being approved.
Arrow Diagraming Method (ADM) - ✔✔Arrow diagramming method is a network
diagramming technique used in Project Management in which activities are represented
by arrows. ADM is also known as the activity-on-arrow (AOA) method.
Backward Pass (Backward Plan) - ✔✔Critical path calculation process which having
calculated earliest date for activities on the network. Works backwards to find activities
latest start and finish dates/float
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 1
, Bar Chart - ✔✔A chart on which activities are represented by Bars. The Bars length is
represented by the activity Duration, and is lined-up on an X-axis time scale.
Base Line - ✔✔A set of dates and costs frozen at the start of the project and used as a
basis for performance evaluation as the project progresses.
Budgeted Cost - ✔✔The amount planned ahead and placed aside to execute an activity
or an entire project from start to finish
Change Estimate - ✔✔An Estimate evaluating a potential change to a project. Often the
estimate focuses on Cost, Schedule and Resource changes.
Change Impact - ✔✔The effect of a project change on project cost, schedule and
resourcing.
Committed Cost - ✔✔A cost which has not yet been paid, but an agreement, such as a
purchase order or contract, has been made such that the cost is no longer recoverable.
Cost Breakdown Structure (CBS) - ✔✔A breakdown of the project into cost elements for
cost control planning. A CBS will deconstruct a project into various cost elements or
types such as area, phase, discipline, or materials
Critical Activity - ✔✔An activity that is on the project's critical path.
Critical Path - ✔✔A project's critical path is the sequence of network activities which
add up to the longest overall duration. This determines the shortest time possible to
complete the project
Critical Path Method (CPM) Scheduling - ✔✔A project modeling technique and
algorithm for scheduling a set of project activities. Developed in the late 1950s, CPM
scheduling aims to build a model of a project that contains:
1. A list of all activities required to complete the project (typically categorized within a
work breakdown structure),
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 2
Questions and Answers 100% Pass
Activity - ✔✔A task or process to be accomplished in a set period of time as part of
working toward a larger project goal. An Activity can be assigned to a resource(s) and
have an associated cost. Activities are ordered with logic links.
Actual Cost - ✔✔The real amount paid or incurred for labor or materials
Activity Relationship - ✔✔An ordered link between 2 activities representing the order
of execution.The 4 relationship types are:FS - Finish to StartSS - Start to StartFF - Finish
to FinishSF - Start to Finish
Approved Change Requests - ✔✔Documents of approved changes made to the project
contract as a whole (cost, schedule, plan). These are first reviewed by all stakeholders
before being approved.
Arrow Diagraming Method (ADM) - ✔✔Arrow diagramming method is a network
diagramming technique used in Project Management in which activities are represented
by arrows. ADM is also known as the activity-on-arrow (AOA) method.
Backward Pass (Backward Plan) - ✔✔Critical path calculation process which having
calculated earliest date for activities on the network. Works backwards to find activities
latest start and finish dates/float
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 1
, Bar Chart - ✔✔A chart on which activities are represented by Bars. The Bars length is
represented by the activity Duration, and is lined-up on an X-axis time scale.
Base Line - ✔✔A set of dates and costs frozen at the start of the project and used as a
basis for performance evaluation as the project progresses.
Budgeted Cost - ✔✔The amount planned ahead and placed aside to execute an activity
or an entire project from start to finish
Change Estimate - ✔✔An Estimate evaluating a potential change to a project. Often the
estimate focuses on Cost, Schedule and Resource changes.
Change Impact - ✔✔The effect of a project change on project cost, schedule and
resourcing.
Committed Cost - ✔✔A cost which has not yet been paid, but an agreement, such as a
purchase order or contract, has been made such that the cost is no longer recoverable.
Cost Breakdown Structure (CBS) - ✔✔A breakdown of the project into cost elements for
cost control planning. A CBS will deconstruct a project into various cost elements or
types such as area, phase, discipline, or materials
Critical Activity - ✔✔An activity that is on the project's critical path.
Critical Path - ✔✔A project's critical path is the sequence of network activities which
add up to the longest overall duration. This determines the shortest time possible to
complete the project
Critical Path Method (CPM) Scheduling - ✔✔A project modeling technique and
algorithm for scheduling a set of project activities. Developed in the late 1950s, CPM
scheduling aims to build a model of a project that contains:
1. A list of all activities required to complete the project (typically categorized within a
work breakdown structure),
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 2
