Earned Value Directly Links All Three Primary Project Success Metrics

question 95

True/False

Earned value directly links all three primary project success metrics (cost,schedule,and customer satisfaction).

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Definitions:

Mutually Exclusive

A statistical term describing events that cannot occur at the same time, implying no overlap in their outcomes.

Event A

A specified occurrence or result in a probabilistic framework that is subject to study or analysis.

Event B

A term used in probability theory to denote a specific outcome or set of outcomes from a stochastic experiment.

0 ≤ P ≤ 1

A mathematical expression indicating that the value of P (probability) ranges from 0 to 1, inclusive.