Unlike PERT,CPM Incorporates Probabilistic Time Estimates into the Project Management

question 97

True/False

Unlike PERT,CPM incorporates probabilistic time estimates into the project management process.

---

Definitions:

Net Income

Represents the total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue.

Accounts Receivable

Debts owed by customers to a corporation for goods or services that have been delivered but remain unpaid.

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to calculate operating cash flow.

Net Cash Flows

The total amount of cash being transferred into and out of a business, after all revenues and expenses have been accounted for.