The most precise or accurate estimate for determining project costs is the _ estimate?

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Which of the following estimates would MOST accurately reflect the actual costs ...
Posted by:
Muhammad Farooq
08-May-2018

A. Analogy

B. Modified standards.

C. Rule of thumb.

D. Definitive.

E. Budget

Cost Accounting Cost Management Costing Project Management

Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2017/04/14

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4 Answers

Mahmoud Abdel Aziz CMA

by Mahmoud Abdel Aziz CMA , Finance Manager , Pan Gulf Telecommunication Co. - Pan Gulf Holding Co.

E: budget

as it is estimated all the relative cost for a project taking into consideration the different terms and environment facing the project

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Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+

by Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ , IT Security Expert , Information Unlimited Inc. (IUI)

Option ( D) ..............

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Krishna KHASANIS PMP

by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

I will go with option E - Budget & thanks for the invite.

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