COSC 475 Test 1 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
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 a X-axis time scale
Base Line - ✔✔A set of dates and costs frozen at the start of the project and used as
abasis 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
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
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 1
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
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 a X-axis time scale
Base Line - ✔✔A set of dates and costs frozen at the start of the project and used as
abasis 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
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
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 1
