What is an activity? - ANSWER-Task in a network that has a defined start and
finish. Project Systems has the following activity types Internal processing,
external processing, costs, service.
List some activity types. - ANSWER-Internal processing
External processing
costs
service
Billing plan - ANSWER-A list of dates from which down payment request and
sales relevant invoices are sent to customers. The planned revenues and planned
incoming payments are automatically derived from the billing plan and recorded
in the relevant WBS element.
BOM - ANSWER-A complete , structured list of the components that comprise an
object. Bill of materials. The list contains a description, the quantity and the the
unit of measure. The components are known as BOM items.
Budget - ANSWER-Predfined cost framework for a task or project within the
specific period. Budgeting differs from cost planning in that it is bindiing.
Whereas you must estimate your project costs as accurately as possible during
project cost planning, it is the approval phase that funds are actually allocated in
the form of a budget.
Claim - ANSWER-Project-specific notification category. A claim is used to
document varioances form the project plan. You can use claims to plan costs
incurred by variances, as well as initiate and monitor follow up activities.
, Company Code - ANSWER-The smallest organization unit within a company, used
to represent a closed system for cost accounting purposes. A controlling area
may include single or multiple company codes that may use different currencies.
Controlling Area - ANSWER-An organizational unit within a company, used to
represent a closed system for cost accounting purposes. A controlling area may
include single or multiple company codes that may use different currencies.
Cost Center - ANSWER-An organizational unit within a controlling area that
represents a defined location of cost incurrence. The definition can be based on
funcitonal requirements, allocation criteria, physical locations or responsibility
for costs.
Customer Inquiry - ANSWER-A customer request to a company for a quotation or
sales information that is not binding. The request is recieved by a sales area that
is then responsible for processing it further.
Goods Issue - ANSWER-A term from Inventory Management denoting a physical
inward movement of goods or material from a company, usally with reference to a
purchase order or production order.
Internal Activity Allocation - ANSWER-Internal cost allocation procedure where by
the valuated atcitives (allocation bases) carredi out by cost centers are
reallocated to the cost receiver according to the cause. In internal activity
allocation, the service carried out by thte cost center is multiplied by the planned
price for the activity type. This results in the costs that have to be cleared. The
sender costcenter is credited by theis amount and the receiver object debited.
Internal Order - ANSWER-Hierachical structuring of a company's undertaking to
create tangible assets or render services for an approval year.
Maintenance Order - ANSWER-Order for detaled planning and associated
documetnation of measures during maintenance.
Milestones - ANSWER-Object representing events that are particularly important
for the progress of the project or are of special interest. You can assign
milestones to individual acitvities or WBS elements.
Network - ANSWER-Describes the chronological sequence of and dependencies
between events and activites in a project, and maps the actual flow of the project.
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