COSC 475 FINAL STUDY GUIDE
Activity - Answer -A task or process to be accomplished in a set period of time as part
of working toward a larger project goal. An **** can be assigned to a resource(s) and
have an associated cost. **** are ordered with logic links.
Actual Cost - Answer -The real amount paid of incurred for labor or materials.
Bar Chart - Answer -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 - Answer -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 - Answer -The amount planned ahead and placed aside to execute an
activity or an entire project from start to finish.
Cost Breakdown Structure (CBS) - Answer -A breakdown of the project into cost
elements for cost control planning. A **** will deconstruct a project into various cost
elements or types such as area, phase, discipline, or materials.
Critical Activity - Answer -An activity that is on the project's critical path.
Critical Path - Answer -The sequence of network activities which add up to the longest
overall duration. This determines the shortest time possible to complete the project.
Date Constraint - Answer -A date restriction imposed on an activity's start or finish date
in scheduling software. Applying a **** will swap the computed date to a date imposed
by the user. Often used to impose deadlines or to delay activities in a schedule
Direct Labor - Answer -(1) Labor which can be directly related/allocated to the output of
a productive account or cost center, compared with indirect labor which is not directly
related to output. (2) Labor employed directly by owner or main contractor, as opposed
to sub-contract labor
Duration - Answer -The number of calendar periods it takes (or is estimated to take)
from the time the execution of an element starts to the moment it is completed.
Estimate - Answer -Evaluation of expected quantities, time and man-hours, with
allowances and provisions for expected unknowns.
Estimated Cost - Answer -An approximated cost derived through a cost estimation
technique such as using historical or empirical methods.
, Float - Answer -**** the amount of time that an activity in a project network can be
delayed without causing a delay to: subsequent tasks (free ****) or the project
completion date (total ****)
Indirects - Answer -**** costs are costs that are not directly accountable to an activity or
work package. **** costs may be either fixed or variable. **** costs include
administration and personnel. These are those costs which are not directly related to
production. Some **** costs may be overhead. But some overhead costs can be directly
attributed to a project and are direct costs.
Lost Time - Answer -Productive time lost because of inclement weather, labor
problems, equipment failure or other cause.
Planning - Answer -Project **** is part of project management, which relates to the use
of schedules such as Gantt charts to plan and subsequently report progress within the
project environment. Initially, the project scope is defined and the appropriate methods
for completing the project are determined.
Schedule - Answer -A **** is a listing of a project's milestones, activities, and
deliverables, usually ordered with intended start and finish dates. Those items are often
estimated in terms of resource allocation, budget and duration, linked by dependencies
and scheduled events.
Target Date - Answer -A fixed activity due date or deadline.
Work Package - Answer -A **** **** is a subset of a project that can be assigned to a
specific part for execution. Because of the similarity, **** **** are often misidentified as
projects.
Activity Relationship - Answer -An ordered link between activities representing the
order of execution. The **** types are:
FS - Finish to Start
SS - Start to Start
FF - Finish to Finish
SF - Start to Finish
Backward Pass (Backward Plan) - Answer -Critical path calculation process which
having calculated earliest date for activities on the network. Works **** to find activities
latest start and finish dates/float.
Change Estimate - Answer -An Estimate evaluating a potential change to a project.
Often the estimate focuses on Cost, Schedule and Resource changes.
Early Start - Answer -The earliest time an activity can start within the logic and imposed
targets in the network
Activity - Answer -A task or process to be accomplished in a set period of time as part
of working toward a larger project goal. An **** can be assigned to a resource(s) and
have an associated cost. **** are ordered with logic links.
Actual Cost - Answer -The real amount paid of incurred for labor or materials.
Bar Chart - Answer -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 - Answer -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 - Answer -The amount planned ahead and placed aside to execute an
activity or an entire project from start to finish.
Cost Breakdown Structure (CBS) - Answer -A breakdown of the project into cost
elements for cost control planning. A **** will deconstruct a project into various cost
elements or types such as area, phase, discipline, or materials.
Critical Activity - Answer -An activity that is on the project's critical path.
Critical Path - Answer -The sequence of network activities which add up to the longest
overall duration. This determines the shortest time possible to complete the project.
Date Constraint - Answer -A date restriction imposed on an activity's start or finish date
in scheduling software. Applying a **** will swap the computed date to a date imposed
by the user. Often used to impose deadlines or to delay activities in a schedule
Direct Labor - Answer -(1) Labor which can be directly related/allocated to the output of
a productive account or cost center, compared with indirect labor which is not directly
related to output. (2) Labor employed directly by owner or main contractor, as opposed
to sub-contract labor
Duration - Answer -The number of calendar periods it takes (or is estimated to take)
from the time the execution of an element starts to the moment it is completed.
Estimate - Answer -Evaluation of expected quantities, time and man-hours, with
allowances and provisions for expected unknowns.
Estimated Cost - Answer -An approximated cost derived through a cost estimation
technique such as using historical or empirical methods.
, Float - Answer -**** the amount of time that an activity in a project network can be
delayed without causing a delay to: subsequent tasks (free ****) or the project
completion date (total ****)
Indirects - Answer -**** costs are costs that are not directly accountable to an activity or
work package. **** costs may be either fixed or variable. **** costs include
administration and personnel. These are those costs which are not directly related to
production. Some **** costs may be overhead. But some overhead costs can be directly
attributed to a project and are direct costs.
Lost Time - Answer -Productive time lost because of inclement weather, labor
problems, equipment failure or other cause.
Planning - Answer -Project **** is part of project management, which relates to the use
of schedules such as Gantt charts to plan and subsequently report progress within the
project environment. Initially, the project scope is defined and the appropriate methods
for completing the project are determined.
Schedule - Answer -A **** is a listing of a project's milestones, activities, and
deliverables, usually ordered with intended start and finish dates. Those items are often
estimated in terms of resource allocation, budget and duration, linked by dependencies
and scheduled events.
Target Date - Answer -A fixed activity due date or deadline.
Work Package - Answer -A **** **** is a subset of a project that can be assigned to a
specific part for execution. Because of the similarity, **** **** are often misidentified as
projects.
Activity Relationship - Answer -An ordered link between activities representing the
order of execution. The **** types are:
FS - Finish to Start
SS - Start to Start
FF - Finish to Finish
SF - Start to Finish
Backward Pass (Backward Plan) - Answer -Critical path calculation process which
having calculated earliest date for activities on the network. Works **** to find activities
latest start and finish dates/float.
Change Estimate - Answer -An Estimate evaluating a potential change to a project.
Often the estimate focuses on Cost, Schedule and Resource changes.
Early Start - Answer -The earliest time an activity can start within the logic and imposed
targets in the network
