ELECTIVE EXAM TEST 14 QUESTIONS WITH 100% CORRECT ANSWERS| GRADED A+

This is the cost that incurred while performing an activity, but cannot be traced directly to its execution; all costs other than the direct ones fall in this category Good construction plan Activity indirect cost Dummy activity Numerical codes 1 of 40 Definition These are the common codes used for developing an inter department database Alphabet codes Activity direct cost Project interface codes Numerical codes 2 of 40 Definition Outlines how the project is to be directed to achieve the assigned goals Goal Dummy Activity Design Plan 3 of 40 Definition Project feasibility plan Inception stage Maturity stage Mid majority Decline stage 4 of 40 Definition Alphabet letters A to Z, single or combined, can be used to represent a code Project interface codes Numerical codes Alphabet codes Numerical codes 5 of 40 Definition Aims at formulation of a time based plan of action for coordinating various activities and resources to achieve specified objectives Planning Organizing Controlling Decision Making 6 of 40 Definition Represent the necessary frame work to permit scheduling of construction activities, along with estimating the resources required by the individual work tasks and a necessary precedence or required sequence among the tasks Dummy activity Work tasks Work environment Job planning 7 of 40 Definition It consists of costs of direct labor, direct equipment and other direct costs Work tasks Overheads Activity direct cost Event 8 of 40 Definition Advantages of coding system: -direct materials cost of concrete and steel -direct labor cost of labor employed -manner of execution of the jobs -duration of the jobs -planning of resources -urgency of the work -availability of resources -position of the construction with reference to their net work -project interface codes -departmental specified codes 9 of 40 Definition A project can be broken down in to various operations and process necessary for its completion; each of these operations and processes, which consume time and possibly resources; represented by arrows Plan Profitability Activities Activity 10 of 40 Definition