________ Involves Reducing the Number of Variations in Materials and Components

question 145

Short Answer

________ involves reducing the number of variations in materials and components as an aid to cost management.

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Definitions:

PERT Network

Project Evaluation and Review Technique Network; a project management tool used to schedule, organize, and coordinate tasks within a project.

Variance

A statistical measure that represents the spread of a data set, indicating how far each number in the set is from the mean and from each other.

Critical Path

The longest duration path through a project, determining the shortest time possible to complete the project, where any delay could extend the overall project duration.

Variance

A statistical measure that represents the dispersion or spread of a set of data points.