Across
- 1. estimating is a statistics-based technique to calculate the expected amount of financial resources or time that is required to perform and complete a project, an activity or a portion of a project.
- 4. analysis is an estimating technique used to determine the amount of contingency and management reserves needed for a project.
- 6. estimating is a top-down estimation technique for estimating the cost, resources and durations of projects
- 8. Cost - What cost category includes salaries, wages, and benefits for employees involved in production?
- 9. cost - What is the term for the cost incurred when an organization's production or operation is idle?
- 11. variance is defined as an indicator of whether a project is on track, ahead of, or behind schedule.
- 14. cost - What type of cost is not directly tied to a specific product or service but supports overall operations?
- 15. Variance is an indicator of the difference between earned value and actual costs in a project.
Down
- 2. of scale - What is the practice of reducing costs by producing larger quantities of a product?
- 3. allocation - What term describes the process of assigning costs to specific products or services?
- 5. cost - What type of cost varies in direct proportion to changes in production or activity levels?
- 7. cost - What cost concept represents the potential revenue that is forgone when a decision is made to pursue one option over another?
- 10. Cost - What type of cost represents the expense of producing goods or services directly related to production?
- 12. cost - What cost remains constant within a certain range of production or activity levels?
- 13. Management - What is cost management?