Appendix 3

Glossary

Activity   An operation on a network which takes time (or other resources) and is indicated by an arrow.
Actual cost of work performed (ACWP)   Cumulative actual cost (in money or man-hours) of work booked in a specific period.
Actual hours   The man-hours actually expended on an activity or contract over a defined period.
Adjudication   Procedure for resolving a dispute by appointing an independent adjudicator.
Advance payment bond   Bond given in return for advanced payment by client.
Analytical estimates   Accurate estimate based on build-up of all material and labour requirements of the project.
AoA   Activity on arrow.
AoN   Activity on node.
Arbitration   Dispute resolution by asking an arbitrator to make a decision.
Arithmetical ...

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