Using Time-And-Material Pricing Involves How Many Steps

question 97

Multiple Choice

Using time-and-material pricing involves how many steps?

• A) 4
• B) 3
• C) 2
• D) 1

---

Definitions:

Variance

A statistical measure that represents the degree of spread or dispersion of a set of values from their mean.

Probability

The quantification of the probability that an event will happen, represented as a number ranging from 0 to 1.

Crashing

A project management technique used to reduce the time for project completion through the increase of resources on critical tasks.

CPM Network

Critical Path Method Network; a project management tool that outlines every task necessary to complete a project and the relationships between those tasks, helping identify the longest stretch of dependent activities and the time necessary to complete them.