Used for planning and scheduling a project and is the basis for monitoring and controlling the time required to reach specific goal s. Two popular drawing conventions or notations used are Arrow Diagramming and Precedence Diagramming . The exchange of information or services among individual s, groups, or institution s. No Cost Settlement Termination of a contract with no monetary award s to either the buyer or the contractor . In CPM network s, a point when all activities leading up to an event have been complete d and when all activities leaving the event may start.
Nodes are junction points in the network .
Node The beginning or end of an activity or the activity itself if using AON notation. Node The start and end of activities in an activity on arrow network or the activity box in a precedence network . The failure of a unit of product to conform to specified requirements for any quality characteristic . Non-Excusable Delays Delay s that are cause d by the contractor 's or its subcontractor 's action s or inactions. Consequently, the contractor is not entitled to a time extension or delay damages.