Copyright
Wideman Comparative Wideman Comparative Glossary of Common Project Management Terms v5.5 is copyright © R. Max Wideman, 2000-2012.

Please feel free to point to this document. For non-profit purposes you may copy this page provided the above copyright notice is attached. For inclusion in for-profit works, please contact the author at maxwideman@shaw.ca

File: PMG_A02.htm generated 4/14/2012 11:19:34 AM
Generated by program: PMGlosGen v1.37 Program Author: Graham Wideman

 

 

 

 

 

 

 

 

 

 

 


Page Content Index
Top of Page 

 

 

 

 

 

 

 

 

 

 

 


Page Content Index
Top of Page 

 

 

 

 

 

 

 

 

 

 

 


Page Content Index
Top of Page 

 

 

 

 

 

 

 

 

 

 

 


Page Content Index
Top of Page 

 

 

 

 

 

 

 

 

 

 

 


Page Content Index
Top of Page 

 

 

 

 

 

 

 

 

 

 

 


Page Content Index
Top of Page 

 

 

 

 

 

 

 

 

 

 

 


Page Content Index
Top of Page 

Introduction | What's New in Version 5.5 | Sources and References
International Recognition | About the Author
Content Index | Order a Copy!

Activity Arrow Net - to - Actual Expenditures

***  prev

Term
Definition     Editor's Choice
 
Source
Activity Arrow Net
Project plan in the form of a structural network where the activities are denoted graphically by nodes. [D00031]

 NPMT
Activity Attributes
Inherent characteristics that describe a scheduled activity and its place in a schedule network. Given suitable software, these attributes may be used for sorting purposes. [D05603]

 RMW
Activity Based Costing ("ABC")
Bottom up estimating and summation based on material and labor required for tasks. [D05242]

 SU
A methodology that measures the cost and performance of activities, resources, and cost objects. Resources are assigned to activities, then activities are assigned to cost objects based on their use. Activity based costing recognizes the causal relationships of cost drivers to activities. [D04680]

 RUP
Activity Based Management ("ABM")
The broad discipline that focuses on achieving customer value and company profit by way of the management of activities. It draws on activity-based costing as a major source of information. [D04790]

 RUP
Activity Calendar
In computer scheduling, calendar that defines the working and non-working patterns applicable to an activity. The Activity Calendar is normally overridden by the Project Calendar. See also Resource Calendars. [D03586]

 PNG
Activity Code
A set of numeric or alpha-numeric characters that uniquely identifies a particular activity.
Editor's Note: The coding structure is typically developed through the work breakdown structure as a means of universal reference throughout the project or program. [D02353]

 RMW
Activity Definition
Identification of the specific activities that must be performed in order to produce project deliverables. [D00033]

 WST
Activity Description
A unique label, identifier and brief statement representing the activity and its work content. [D05604]

 RMW
Any combination of characters which easily identifies an activity to any recipient of the schedule. [D00034]

 PMK87
A statement specifying what must be done to achieve a desired result. [D01855]

 PPS&C p338
Activity Duration
The best estimate of the time (hours, days, weeks, months, etc.) necessary for the accomplishment of the work involved in an activity, considering the nature of the work and resources needed for it. [D00035]

 PMK87
The length of time (hours, days, weeks, months) that it takes to complete an activity. This information is optional in the data entry of an activity. Work flow (predecessor relationships) can be defined before durations are assigned. Activities with zero durations are considered milestones or hammocks. [D00036]

 WST
PMST
Activity Duration Estimating
The estimation of the number of work periods that will be needed to complete the activity. [D00037]

 WST
Activity Elaboration
A more detailed explanation of the work involved in the Activity, possibly by describing a series of tasks. [D02354]

 RMW
Activity File
A file containing all data related to the definition of activities on a particular project. [D00038]

 WST
Activity ID
A unique code identifying each activity in a project. [D00039]

 WST
Activity Identifier
See Activity ID or Activity Code. [D05605]

  
Activity Listing
A summary of schedule activities, usually complete with their respective Activity Attributes. [D05606]

 RMW
Activity Network
A flow diagram showing the activities of a plan and their interdependencies. The network shows each activity's duration, earliest start and finish times, latest start and finish times and float. Also known as "planning network". See also Critical path [D05243]

 PRNC2 2002
Activity Node Net
Project plan in the form of a structural network where the activities are denoted graphically by arrows. [D00041]

 NPMT
Activity on Arc ("AOA")
In documenting and drawing a network one may place the activities on the arcs or on the nodes (Activity on Node) [D00042]

 OTOB p271-4
Activity on Arrow
A network diagram showing sequence of activities, in which each activity is represented by an arrow, with a circle representing a node or event at each end. [D03709]

 PPS&C p338
See Arrow Diagramming Method. [D00048]

  
Activity on Node
A network where activities are represented by a box or a node linked by dependencies. [D00049]

 WST
See also Activity on Arc and Precedence Diagram Method. [D00043]

  
A network diagram showing sequence of activities, in which each activity is represented by a box or circle (that is a node) and these are interconnected with arrows to show precedence of work. [D03710]

 PPS&C p338
Activity Oriented
A planning approach focused primarily on activities rather than events. [D00044]

 NPMT
Activity Oriented Schedule
Schedule which presents information in terms of activities (i.e. periods of time, as opposed to points in time, e.g. milestone dates). See also Precedence Diagramming. [D00045]

 CCCP
Activity Properties
A description of the attributes of the activity such as start and finish times, resources required and anticipated cost, etc. [D02355]

 RMW
Activity Quantities
Units of consumption or production associated with an Activity. [D02356]

 RMW
Activity Status
The state of completion of an activity. A planned activity has not yet started. A started activity is in progress. A finished activity is complete. [D00046]

 WST
Activity Timing
The time parameters within which the Activity is expected or required to take place. [D02357]

 RMW
Actor
Someone or something, outside the system that interacts with the system. [D04799]

 RUP
Actual
Information that shows what has actually occurred. For example, the actual start date for a task is the day on which the task actually started, and its actual cost is the amount spent up to the present. [D00050]

 MSP98
Actual and Scheduled Progress
A comparison of the observable work done at a given time with the work planned up to that time. [D02358]

 RMW
Actual Cost ("AC")
Incurred costs that are charged to the project budget and for which payment has been made, or accrued. [D04568]

 APM
BS
The cost actually incurred. [D00051]

 WST
A cost sustained in fact, on the basis of costs incurred, as distinguished from forecasted or estimated costs.
Editor's Note: When used in conjunction with Earned Value, such measured costs must be in the same format as the reference budget that may be in terms of only direct labor hours, direct labor costs, with or without burdens, or total costs, including profits and so on. [D04611]

 QWF
Actual Cost Data Collection
The assembly of recorded expenditures for an Activity, set of Activities, and/or within a given time frame in the past. [D02359]

 RMW
Actual Cost of Work Performed ("ACWP")
Total costs incurred (direct and indirect) in accomplishing work during a given time period. ACWP is used in the earned value method of progress measurement. See also earned value analysis. [D00055]

 PMK96
A term in the Cost/Schedule Control System Criteria (C/SCSC) system for the costs actually incurred and recorded in accomplishing the work performed within a given time period. [D00052]

 SPM p304-9
Actual cost expended on an activity, a part of a project, or an entire project. [D00053]

 WST
The direct costs actually incurred and the indirect costs applied in accomplishing the work performed within a given time period. These costs should reconcile with the contractor's incurred cost ledgers that are regularly audited by the client. [D00054]

 PMK87
Actual cost incurred (spent) on work to date. This can be expressed as a percentage i.e. Actual % Expenditure = ACWP x 100 / BAC [D02241]

 PMST
Actual Costs
The costs actually incurred and recorded for work performed.
Editor's Note: Sometimes referred to as Actuals [D02259]

 010
Amounts determined on the basis of costs incurred, as distinguished from forecasted costs. Actual costs include standard costs properly adjusted for applicable variances. [D03794]

 GAT
Actual Dates
The dates that activities really started and finished as opposed to planned or projected dates. [D00056]

 WST
Actual Direct Costs
Those costs specifically identified with a contract or project, based upon the contractor's cost identification and accumulation system. See also Direct Costs. [D00057]

 WST
Actual Expenditures
See Actual Costs. [D03664]

  
Definitions for page A02: 50


***  prev

Home | Issacons | PM Glossary | Papers & Books | Max's Musings
Guest Articles | Contact Info | Top of Page